Constellation Acquisition Corp I Files 8-K on Financial Obligations
Ticker: CSTWF · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1834032
| Field | Detail |
|---|---|
| Company | Constellation Acquisition Corp I (CSTWF) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $55,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, spac, filing
TL;DR
Constellation Acquisition Corp I just filed an 8-K detailing a new financial obligation. Keep an eye on their balance sheet.
AI Summary
Constellation Acquisition Corp I filed an 8-K on June 28, 2024, reporting the creation of a direct financial obligation. The filing details the company's structure, including its ordinary shares, redeemable warrants, and units, with specific details on exercise prices and par values.
Why It Matters
This filing indicates a new financial commitment or obligation for Constellation Acquisition Corp I, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The creation of a direct financial obligation can introduce new risks related to debt repayment, interest rates, and covenants, potentially impacting the company's financial flexibility.
Key Numbers
- 0.0001 — Par Value per Class Ordinary Share (Indicates the nominal value assigned to each ordinary share.)
- 11.50 — Exercise Price per Redeemable Warrant (Specifies the cost to convert a warrant into a Class Ordinary Share.)
Key Players & Entities
- Constellation Acquisition Corp I (company) — Registrant
- June 28, 2024 (date) — Date of earliest event reported
- 001-39945 (company) — SEC File Number
- 98-1574835 (company) — IRS Number
- 200 Park Avenue, 32nd Floor (address) — Business and Mail Address
- 11.50 (dollar_amount) — Exercise price for redeemable warrants
FAQ
What specific financial obligation is Constellation Acquisition Corp I reporting?
The filing states the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' but does not specify the exact nature or amount of the obligation in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 28, 2024.
What are the components of Constellation Acquisition Corp I's securities mentioned?
The filing mentions Class Ordinary Shares, Redeemable Warrants (exercisable for one Class Ordinary Share at $11.50), and Units (each consisting of one Class Ordinary Share and one-third of a Redeemable Warrant).
Where is Constellation Acquisition Corp I incorporated and what is its fiscal year end?
The company is incorporated in the Cayman Islands and its fiscal year ends on December 31.
What is the SEC file number for Constellation Acquisition Corp I?
The SEC file number is 001-39945.
Filing Stats: 598 words · 2 min read · ~2 pages · Grade level 14.3 · Accepted 2024-06-28 17:21:14
Key Financial Figures
- $0.0001 — ed Class A ordinary shares, par value $0.0001 per share CSTAF OTCQX Best Market
- $11.50 — ordinary share at an exercise price of $11.50 CSTWF OTCQB Venture Market Units,
- $55,000 — I (the "Company") drew an aggregate of $55,000 (the "Extension Funds"), as approved by
Filing Documents
- ea0208735-8k_constell1.htm (8-K) — 32KB
- 0001213900-24-057302.txt ( ) — 257KB
- cstuf-20240628.xsd (EX-101.SCH) — 4KB
- cstuf-20240628_def.xml (EX-101.DEF) — 27KB
- cstuf-20240628_lab.xml (EX-101.LAB) — 37KB
- cstuf-20240628_pre.xml (EX-101.PRE) — 25KB
- ea0208735-8k_constell1_htm.xml (XML) — 7KB
03. Creation of a Direct Financial Obligation or an Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement or a Registrant. On June 28, 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 June 25, 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 June 29, 2024 to July 29, 2024 (the "Extension"). The Extension is the fifth 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. 1 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: June 28, 2024 CONSTELLATION ACQUISITION CORP I By: /s/ Chandra R. Patel Name: Chandra R. Patel Title: Chief Executive Officer 2