other material
confidence high
sentiment neutral
materiality 0.40
Constellation Acquisition Corp I extends business combination deadline to Oct 29, 2024 via $55K draw from sponsor note
Constellation Acquisition Corp I
- Drew $55,000 from unsecured promissory note with Constellation Sponsor LP to fund trust account extension.
- Extension moves deadline from Sept 29, 2024 to Oct 29, 2024 (eighth of eleven one-month extensions permitted).
- Note is non-interest bearing, matures upon business combination closing; repayment only from trust account residual if no deal.
- Draw approved by extension committee of the board on Sept 26, 2024.