Constellation Acquisition I (CSTAF) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
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On January 29, 2024, the Company successfully held a Shareholder Meeting where the Extension Amendment Proposal and the Redemption Limitation Amendment Proposal were approved, negating the need for an Adjournment Proposal. With approximately 88% of the voting power present, representing a quorum, the proposals passed with the majority of votes. Subsequently, shareholders exercised their rights to redeem over 2 million shares at roughly $11.13 each, totaling around $23.67 million. Following these redemptions, the Trust Account’s balance stood at approximately $26.42 million.
For further insights into CSTAF corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
