Constellation Acquisition Corp I reported that on November 25, 2025 it borrowed and deposited $5,000 of extension funds into its trust account under an existing unsecured promissory note with Constellation Sponsor LP. This one-month extension moves the deadline to complete its initial business combination from November 29, 2025 to December 29, 2025 and is the tenth of up to eleven permitted monthly extensions.
The promissory note bears no interest and is due upon the closing of the company’s initial business combination. If no business combination is completed, the note will only be repaid from funds remaining outside the trust account, preserving the trust for public shareholders.
Constellation Acquisition Corp I filed its quarterly report for the period ended September 30, 2025, reporting a net loss of $1,331,230 driven primarily by a $1,090,196 increase in warrant liability and $248,326 of general and administrative costs. Interest income from the trust contributed $7,292 in the quarter.
Cash held in the trust account was $837,911 after shareholders redeemed $27,428,399 on January 27, 2025. The company reported a working capital deficit of $6,546,604 and disclosed “substantial doubt” about its ability to continue as a going concern within 12 months absent a business combination. Management extended the timeline via monthly deposits and noted a non-binding term sheet announced September 8, 2025 with Jindalee Lithium Limited’s subsidiary, HiTech Minerals, Inc. As of November 13, 2025, 7,664,302 Class A ordinary shares and 150,000 Class B ordinary shares were outstanding.
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.
Constellation Acquisition Corp I drew $5,000 under an unsecured promissory note with Constellation Sponsor LP and deposited the funds into its trust account, allowing a one-month extension of the deadline to complete its initial business combination from September 29, 2025 to October 29, 2025.
This is the eighth of up to eleven one-month extensions permitted under its governing documents, giving the company more time to finalize a merger target. The note bears no interest and will mature when a business combination closes. If no transaction is completed, any repayment of the note would come only from cash held outside the trust account, if available.