Constellation Acquisition Corp I Files 8-K on Financial Obligations
Ticker: CSTWF · Form: 8-K · Filed: Nov 29, 2024 · CIK: 1834032
| Field | Detail |
|---|---|
| Company | Constellation Acquisition Corp I (CSTWF) |
| Form Type | 8-K |
| Filed Date | Nov 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: spac, financial-obligation, 8-k
Related Tickers: CSTAF
TL;DR
Constellation Acquisition Corp I (CSTAF) filed an 8-K on Nov 27, 2024, related to financial obligations. Watch for details.
AI Summary
Constellation Acquisition Corp I, a SPAC, filed an 8-K on November 29, 2024, reporting a direct financial obligation or an obligation under an off-balance sheet arrangement as of November 27, 2024. The filing details the company's structure, including its ordinary shares, redeemable warrants, and units. Specific financial obligations or arrangements are not detailed in the provided text, but the filing indicates a change in its financial reporting status.
Why It Matters
This filing indicates a change in Constellation Acquisition Corp I's financial obligations, which could impact its ongoing operations and future merger or acquisition activities.
Risk Assessment
Risk Level: medium — The filing indicates a change in financial obligations for a SPAC, which can be complex and carry inherent risks related to its acquisition targets and shareholder value.
Key Players & Entities
- Constellation Acquisition Corp I (company) — Registrant
- CSTAF (company) — Ticker Symbol
- November 27, 2024 (date) — Date of earliest event reported
- November 29, 2024 (date) — Filing date
- 001-39945 (other) — SEC File Number
FAQ
What specific financial obligation or off-balance sheet arrangement is Constellation Acquisition Corp I reporting?
The provided text does not specify the exact nature of the financial obligation or off-balance sheet arrangement, only that it is being reported under Item Information.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on November 27, 2024.
What is the SEC file number for Constellation Acquisition Corp I?
The SEC file number for Constellation Acquisition Corp I is 001-39945.
What are the different classes of securities mentioned for Constellation Acquisition Corp I?
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 one Redeemable Warrant).
What is the primary business classification for Constellation Acquisition Corp I?
Constellation Acquisition Corp I is classified under 'BLANK CHECKS [6770]' and 'Real Estate & Construction'.
Filing Stats: 598 words · 2 min read · ~2 pages · Grade level 14.5 · Accepted 2024-11-29 16:15:29
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
- ea0222890-8k_constel1.htm (8-K) — 31KB
- 0001213900-24-104097.txt ( ) — 256KB
- cstaf-20241127.xsd (EX-101.SCH) — 4KB
- cstaf-20241127_def.xml (EX-101.DEF) — 27KB
- cstaf-20241127_lab.xml (EX-101.LAB) — 37KB
- cstaf-20241127_pre.xml (EX-101.PRE) — 25KB
- ea0222890-8k_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 November 27, 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 November 27, 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 November 29, 2024 to December 29, 2024 (the "Extension"). The Extension is the tenth 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: November 29, 2024 CONSTELLATION ACQUISITION CORP I By: /s/ Chandra R. Patel Name: Chandra R. Patel Title: Chief Executive Officer 2