Constellation Acquisition Corp I Announces Business Combination
Ticker: CSTWF · Form: 8-K · Filed: Jul 24, 2024 · CIK: 1834032
| Field | Detail |
|---|---|
| Company | Constellation Acquisition Corp I (CSTWF) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $55,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: business-combination, financial-obligation, spac
Related Tickers: CSTA
TL;DR
CSTA is moving forward with a business combination, creating a new financial obligation.
AI Summary
Constellation Acquisition Corp I announced on July 23, 2024, that it has entered into a definitive agreement for a business combination. The filing details the creation of a direct financial obligation related to this agreement, though specific details on the counterparty or the exact nature and amount of the obligation are not provided in this excerpt.
Why It Matters
This filing indicates a significant step for Constellation Acquisition Corp I towards completing a business combination, which could lead to a change in its operational focus or structure.
Risk Assessment
Risk Level: medium — The filing indicates a significant corporate event (business combination) and the creation of a financial obligation, which inherently carries risks related to deal completion and financial performance.
Key Players & Entities
- Constellation Acquisition Corp I (company) — Registrant
FAQ
What is the nature of the direct financial obligation created by Constellation Acquisition Corp I?
The filing states the creation of a direct financial obligation but does not provide specific details on its nature or amount in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on July 23, 2024.
What is the Commission File Number for Constellation Acquisition Corp I?
The Commission File Number is 001-39945.
What is the Standard Industrial Classification code for Constellation Acquisition Corp I?
The Standard Industrial Classification code is 6770, categorized under 'BLANK CHECKS'.
What is the business address of Constellation Acquisition Corp I?
The business address is 200 Park Avenue, 32nd Floor, New York, NY 10166.
Filing Stats: 598 words · 2 min read · ~2 pages · Grade level 14.4 · Accepted 2024-07-24 09:15:08
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
- ea0209896-8k_constell1.htm (8-K) — 31KB
- 0001213900-24-063786.txt ( ) — 256KB
- csta-20240723.xsd (EX-101.SCH) — 4KB
- csta-20240723_def.xml (EX-101.DEF) — 27KB
- csta-20240723_lab.xml (EX-101.LAB) — 37KB
- csta-20240723_pre.xml (EX-101.PRE) — 25KB
- ea0209896-8k_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 July 23, 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 July 22, 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 July 29, 2024 to August 29, 2024 (the "Extension"). The Extension is the sixth 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: July 24, 2024 CONSTELLATION ACQUISITION CORP I By: /s/ Chandra R. Patel Name: Chandra R. Patel Title: Chief Executive Officer 2