other material
confidence high
sentiment neutral
materiality 0.65
Constellation Acquisition Corp I draws $55,000 to extend business combination deadline to Nov 29, 2024
Constellation Acquisition Corp I
- Drew $55,000 from unsecured promissory note with sponsor to fund ninth one-month extension.
- Deadline extended from October 29, 2024 to November 29, 2024 for initial business combination.
- Note is non-interest bearing and matures upon closing of a business combination or from trust account residuals.
- This is the ninth of eleven permitted monthly extensions under the company's amended charter.
- If no business combination occurs, the note is repaid only from funds outside the trust account.