Constellation Acquisition Corp I Reports Financial Obligation
Ticker: CSTWF · Form: 8-K · Filed: Dec 27, 2024 · CIK: 1834032
| Field | Detail |
|---|---|
| Company | Constellation Acquisition Corp I (CSTWF) |
| Form Type | 8-K |
| Filed Date | Dec 27, 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
TL;DR
Constellation Acquisition Corp I just took on a new financial obligation. Details TBD.
AI Summary
Constellation Acquisition Corp I, a blank check company, reported on December 20, 2024, that it has entered into a direct financial obligation. The filing does not specify the nature or amount of this obligation, but it is related to the company's operations as a special purpose acquisition company (SPAC).
Why It Matters
This filing indicates a new financial commitment by Constellation Acquisition Corp I, which could impact its future operations and ability to pursue its acquisition targets.
Risk Assessment
Risk Level: medium — The filing indicates a new financial obligation without providing specific details, creating uncertainty about the company's financial health and future plans.
Key Numbers
- 001-39945 — SEC File Number (Identifies the company's filings with the SEC.)
- 98-1574835 — IRS Number (Company's Employer Identification Number.)
Key Players & Entities
- Constellation Acquisition Corp I (company) — Registrant
- December 20, 2024 (date) — Date of earliest event reported
- 6770 (number) — Standard Industrial Classification for Blank Checks
FAQ
What is the nature of the direct financial obligation reported by Constellation Acquisition Corp I?
The filing states that there is a 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' but does not provide specific details about the nature or amount of this obligation.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 20, 2024.
What is Constellation Acquisition Corp I's Standard Industrial Classification (SIC) code?
Constellation Acquisition Corp I's SIC code is 6770, which corresponds to 'Blank Checks'.
Where is Constellation Acquisition Corp I incorporated?
Constellation Acquisition Corp I is incorporated in the Cayman Islands.
What is the SEC file number for Constellation Acquisition Corp I?
The SEC file number for Constellation Acquisition Corp I is 001-39945.
Filing Stats: 594 words · 2 min read · ~2 pages · Grade level 14.6 · Accepted 2024-12-27 16:30:23
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
- ea0226175-8k_constell1.htm (8-K) — 29KB
- 0001213900-24-113100.txt ( ) — 253KB
- cstaf-20241220.xsd (EX-101.SCH) — 4KB
- cstaf-20241220_def.xml (EX-101.DEF) — 27KB
- cstaf-20241220_lab.xml (EX-101.LAB) — 37KB
- cstaf-20241220_pre.xml (EX-101.PRE) — 25KB
- ea0226175-8k_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 December 20, 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 December 20, 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 December 29, 2024 to January 29, 2025 (the "Extension"). The Extension is the eleventh 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. 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: December 27, 2024 CONSTELLATION ACQUISITION CORP I By: /s/ Chandra R. Patel Name: Chandra R. Patel Title: Chief Executive Officer