Constellation Acquisition extends deadline to Jan 2026; $27.4M redeemed from trust

Constellation Acquisition Corp I

Shareholders approved extension of business combination deadline from Jan 29, 2025 to Feb 29, 2025, plus up to 11 monthly extensions to Jan 29, 2026.
Holders of 2,303,382 Class A shares redeemed at ~$11.91/share for aggregate ~$27.4M; trust balance now ~$770,700.
Founder Share Amendment allows conversion of Class B to Class A on a one-for-one basis at any time before a business combination.
Sponsor will deposit $5,000 per monthly extension into trust account under an unsecured promissory note.
Post-redemption, 7,664,302 Class A shares outstanding; only 64,302 held by public shareholders.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Constellation Acquisition Corp I: Amended memorandum and articles of association to permit conversion of Class B ordinary shares into Class A ordinary shares on a one-for-one basis at any time before business combination closing (effective 2025-01-28).

Change: charter amendment
Effective: 2025-01-28

Exact text from the filing

to amend, by way of special resolution, the Company’s Memorandum and Articles of Association to permit for the issuance of Class A ordinary shares, par value of US$0.0001 per share (the “ Class A Ordinary Shares ”) to holders of the Company’s Class B ordinary shares, par value of US$0.0001 per share (the “ Founder Shares ” or “ Class B Ordinary Shares ” and together with the Class A Ordinary Shares, the “ Ordinary Shares ”), upon the exercise of the right of a holder of the Class B Ordinary Shares to convert such holder’s Class B Ordinary Shares into Class A Ordinary Shares on a one-for-one basis at any time and from time to time prior to the closing of an initial business combination at the election of the holder

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Constellation Acquisition Corp I: Amended memorandum and articles of association to extend business combination deadline to February 29, 2025, with monthly extension options up to January 29, 2026 (effective 2025-01-28).

Change: charter amendment
Effective: 2025-01-28

Exact text from the filing

On January 27, 2025, the Company held an extraordinary general meeting of shareholders (A) to amend, by way of special resolution, the Company’s amended and restated memorandum and articles of association (the “ Memorandum and Articles of Association ”) to extend the date (the “ Termination Date ”) by which the Company has to consummate a business combination (the “ Articles Extension ”) from January 29, 2025 (the “ Original Termination Date ”) to February 29, 2025

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Constellation Acquisition Corp I filing history →

Source: SEC EDGAR

accession 0001213900-25-008099

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