Constellation Acquisition Corp I Files 8-K on Financial Obligations
Ticker: CSTWF · Form: 8-K · Filed: Sep 26, 2024 · CIK: 1834032
| Field | Detail |
|---|---|
| Company | Constellation Acquisition Corp I (CSTWF) |
| Form Type | 8-K |
| Filed Date | Sep 26, 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 new financial obligations. Keep an eye on this.
AI Summary
Constellation Acquisition Corp I filed an 8-K on September 26, 2024, reporting the creation of a direct financial obligation. The filing details the company's structure, including Class Ordinary Shares, Redeemable Warrants, and Units, with specific details on warrant exercise prices and share par values. No specific dollar amounts for new obligations were detailed in the provided text.
Why It Matters
This filing indicates Constellation Acquisition Corp I is establishing new financial commitments, which could impact its future operations and financial structure.
Risk Assessment
Risk Level: medium — The filing indicates the creation of new financial obligations, which inherently carries some level of risk regarding the company's future financial health and operational capacity.
Key Numbers
- 11.50 — Warrant Exercise Price (Price at which redeemable warrants can be exercised for one Class Ordinary Share.)
- 0.0001 — Ordinary Share Par Value (Par value per Class Ordinary Share.)
Key Players & Entities
- Constellation Acquisition Corp I (company) — Registrant
- September 26, 2024 (date) — Date of earliest event reported
- CSTAF:ClassOrdinarySharesParValue0.0001PerShareMember (security) — Class Ordinary Shares details
- CSTAF:RedeemableWarrantsEachWholeWarrantExercisableForOneClassOrdinaryShareAtExercisePriceOf11.50Member (security) — Redeemable Warrants details
- CSTAF:UnitsEachConsistingOfOneClassOrdinaryShareAndOnethirdOfOneRedeemableWarrantMember (security) — Units details
FAQ
What specific financial obligation was created by Constellation Acquisition Corp I on September 26, 2024?
The provided text states that the 8-K filing is related to 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.
What are the details of the Redeemable Warrants mentioned in the filing?
The Redeemable Warrants are described as exercisable for one Class Ordinary Share at an exercise price of $11.50.
What is the par value of Constellation Acquisition Corp I's Class Ordinary Shares?
The par value of Constellation Acquisition Corp I's Class Ordinary Shares is $0.0001 per share.
What constitutes a Unit offered by Constellation Acquisition Corp I?
A Unit consists of one Class Ordinary Share and one-third of one Redeemable Warrant.
What is the filing date and earliest event date for this 8-K?
The filing date and the date of the earliest event reported are both September 26, 2024.
Filing Stats: 598 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2024-09-26 17:28:05
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
- ea0215559-8k_constel1.htm (8-K) — 31KB
- 0001213900-24-082347.txt ( ) — 256KB
- cstaf-20240926.xsd (EX-101.SCH) — 4KB
- cstaf-20240926_def.xml (EX-101.DEF) — 27KB
- cstaf-20240926_lab.xml (EX-101.LAB) — 37KB
- cstaf-20240926_pre.xml (EX-101.PRE) — 25KB
- ea0215559-8k_constel1_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 September 26, 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 September 26, 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 September 29, 2024 to October 29, 2024 (the "Extension"). The Extension is the eighth 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: September 26, 2024 CONSTELLATION ACQUISITION CORP I By: /s/ Chandra R. Patel Name: Chandra R. Patel Title: Chief Executive Officer 2