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Constellation Acquisition Corp I (OTC Pink:CSTAF), a $91.66 million market cap SPAC currently trading near its 52-week low of $11.42, announced Thursday that it has deposited $5,000 into its trust account to extend the deadline for completing its initial business combination. The extension moves the deadline from August 29, 2025 to September 29, 2025. According to InvestingPro analysis, the company shows signs of financial strain with negative earnings per share of -$0.07 over the last twelve months.
According to a press release statement and the company’s SEC filing, the extension was approved by unanimous resolution of the board’s extension committee on August 19, 2025. The funds were drawn under an unsecured promissory note dated January 30, 2024, between the company and Constellation Sponsor LP.
This extension is the seventh of up to eleven one-month extensions permitted under Constellation Acquisition Corp I’s amended and restated memorandum and articles of association. The promissory note does not bear interest and is set to mature upon the closing of the company’s initial business combination. If the company does not complete a business combination, the note will only be repaid from funds remaining outside of the trust account, if any.
Constellation Acquisition Corp I is incorporated in the Cayman Islands and its Class A ordinary shares trade on the OTC Pink Market under the symbol CSTAF. Redeemable warrants and units are listed on the OTCQB Venture Market under the symbols CSTWF and CSTUF, respectively.
All information is based on the company’s statement in its SEC filing published Thursday.
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