Constellation Acquisition Corp I Reports Financial Obligation
Ticker: CSTWF · Form: 8-K · Filed: Oct 29, 2024 · CIK: 1834032
| Field | Detail |
|---|---|
| Company | Constellation Acquisition Corp I (CSTWF) |
| Form Type | 8-K |
| Filed Date | Oct 29, 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, securities
Related Tickers: CSTAF
TL;DR
CSTA is filing an 8-K for a new financial obligation, details to follow.
AI Summary
Constellation Acquisition Corp I filed an 8-K on October 29, 2024, reporting the creation of a direct financial obligation. The filing details obligations related to its Class A Ordinary Shares, Redeemable Warrants, and Units. Specific financial figures for these obligations are not detailed in the provided text, but the filing pertains to the company's financial structure.
Why It Matters
This filing indicates Constellation Acquisition Corp I has entered into new financial obligations, which could impact its financial health and future strategic decisions.
Risk Assessment
Risk Level: medium — The creation of new financial obligations can introduce financial risk if not managed properly, impacting the company's ability to meet its commitments.
Key Players & Entities
- Constellation Acquisition Corp I (company) — Registrant
- October 29, 2024 (date) — Date of earliest event reported
- Class A Ordinary Shares (security) — Financial Obligation
- Redeemable Warrants (security) — Financial Obligation
- Units (security) — Financial Obligation
FAQ
What specific financial obligation is Constellation Acquisition Corp I reporting?
The filing indicates the creation of a direct financial obligation, but the specific details and amounts are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 29, 2024.
What types of securities are mentioned in relation to the financial obligation?
The filing mentions Class A Ordinary Shares, Redeemable Warrants, and Units.
What is the standard industrial classification for Constellation Acquisition Corp I?
The standard industrial classification is 'BLANK CHECKS [6770]'.
What is the exercise price for the Redeemable Warrants?
The exercise price for the Redeemable Warrants is $11.50.
Filing Stats: 598 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2024-10-29 16:30:40
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
- ea0218786-8k_constel1.htm (8-K) — 31KB
- 0001213900-24-091757.txt ( ) — 256KB
- cstaf-20241029.xsd (EX-101.SCH) — 4KB
- cstaf-20241029_def.xml (EX-101.DEF) — 27KB
- cstaf-20241029_lab.xml (EX-101.LAB) — 37KB
- cstaf-20241029_pre.xml (EX-101.PRE) — 25KB
- ea0218786-8k_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 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. 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: October 29, 2024 CONSTELLATION ACQUISITION CORP I By: /s/ Chandra R. Patel Name: Chandra R. Patel Title: Chief Executive Officer 2