Constellation Acquisition I Extends Business Combination Deadline

Constellation Acquisition I (CSTAF) has released an update to notify the public and investors about corporate charter and bylaws modifications.

On January 29, 2024, the Company’s shareholders approved amendments to extend the deadline for completing a business combination from January 29, 2024, to February 29, 2024, with the possibility of monthly extensions by the Board for up to eleven additional months. Additionally, the shareholders agreed to remove the restriction preventing the redemption of Class A ordinary shares if it would cause net tangible assets to fall below $5,000,001. An adjournment proposal was also approved, allowing the meeting to be postponed if required. Following the approval, the Company registered the amendments with the Cayman Islands on January 30, 2024.

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For a comprehensive understanding of the announcement, you can read the full document here.