Constellation Acquisition Corp I 8-K, filed Oct 29, 2024
Constellation Acquisition Corp I (CSTAF)
About this 8-K
Constellation Acquisition Corp I filed this 8-K on October 29, 2024.
Items reported
- Item 2.03: New debt or off-balance-sheet obligation
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Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement or a Registrant.
On October 29, 2024, Constellation Acquisition Corp I (the “Company”) drew an aggregate of $55,000 (the “Extension Funds”), as approved by unanimous resolution of the extension committee of the Company’s board of directors (the “Board”), dated October 29, 2024, pursuant to the unsecured promissory note, dated January 30, 2024, between the Company and Constellation Sponsor LP (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders. This deposit enables the Company to extend the date by which it must complete its initial business combination from October 29, 2024 to November 29, 2024 (the “Extension”). The Extension is the ninth of eleven one-month extensions permitted under the Company’s amended and restated memorandum and articles of association and provides the Company with additional time to complete its initial business combination. The Note does not bear interest and matures upon closing of the Company’s initial business combination. In the event that the Company does not consummate a business combination, the Note will be repaid only from amounts remaining outside of the Company’s trust account, if any.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 29, 2024
| CONSTELLATION ACQUISITION CORP I | ||
| By: | /s/ Chandra R. Patel | |
| Name: | Chandra R. Patel | |
| Title: | Chief Executive Officer | |
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