secwatch.observer — SEC 8-K summary
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Issuer:     Constellation Acquisition Corp I (CSTAF)
CIK:        0001834032
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001213900-25-008099
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834032/000121390025008099/0001213900-25-008099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834032/000121390025008099/ea0228890-8k_constell1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-008099

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