Constellation Acquisition (CSTAF) extends to Nov 29 with $5,000
Constellation Acquisition Corp I disclosed a one‑month extension of its merger deadline.
Rhea-AI Filing Summary
Constellation Acquisition Corp I disclosed a one‑month extension of its merger deadline. On October 28, the company drew $5,000 under an unsecured promissory note with Constellation Sponsor LP and deposited the funds into its trust account, extending the date to complete its initial business combination from October 29, 2025 to November 29, 2025.
This is the ninth of eleven one‑month extensions permitted under its governing documents. The note bears no interest and matures upon closing of the initial business combination; if no deal occurs, repayment would come only from amounts remaining outside the trust account, if any.
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Insights
One-month SPAC deadline extension funded by a $5,000 sponsor note.
The company deposited $5,000 into its trust to push its business combination deadline from October 29, 2025 to November 29, 2025. This move uses the ninth of eleven allowed one‑month extensions, consistent with common SPAC structures that require monthly contributions to maintain the trust while evaluating a transaction.
The unsecured note carries no interest and matures at closing of a deal. If no combination occurs, repayment is limited to amounts outside the trust, if any, which preserves the trust for public shareholders. Actual outcomes depend on whether a business combination is completed within the permitted extension window.
8-K Event Classification
FAQ
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