debt
confidence high
sentiment neutral
materiality 0.50
Constellation Acquisition Corp I extends business combination deadline to June 29, 2024 via $55k sponsor note draw
Constellation Acquisition Corp I
- Drew $55,000 from unsecured promissory note with Constellation Sponsor LP to fund fourth one-month extension.
- Extension moves business combination deadline from May 29, 2024 to June 29, 2024.
- Note carries no interest, matures upon closing of initial business combination.
- If no business combination, note repaid only from amounts remaining outside trust account.
- This is the fourth of eleven permitted one-month extensions under the company's charter.