Constellation Acquisition Corp I draws $55K from sponsor note to extend business combination deadline to May 29, 2024

Constellation Acquisition Corp I

Drew $55,000 from unsecured promissory note with Constellation Sponsor LP on April 29, 2024.
Funds deposited into trust account to extend deadline from April 29 to May 29, 2024.
Extension is the third of eleven one-month extensions permitted under company charter.
Note bears no interest, matures upon initial business combination or is repaid only from trust account surplus.
Traded tickers: CSTAF (ordinary shares), CSTWF (warrants), CSTUF (units).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Constellation Acquisition Corp I incurred loan of $55,000 with Constellation Sponsor LP at does not bear interest maturing upon closing of the Company’s initial business combination.

Instrument: loan
Principal: $55,000
Counterparty: Constellation Sponsor LP
Rate: does not bear interest
Maturity: upon closing of the Company’s initial business combination
Event: incurrence

Exact text from the filing

drew an aggregate of $55,000 (the “Extension Funds”), as approved by unanimous resolution of the extension committee of the Company’s board of directors (the “Board”), dated April 29, 2024, pursuant to the unsecured promissory note, dated January 30, 2024, between the Company and Constellation Sponsor LP (the “Note”)

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Constellation Acquisition Corp I filing history →

Source: SEC EDGAR

accession 0001213900-24-037248

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