8-K - Constellation Acquisition Corp I | StockGist

AI Analysis

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Constellation Acquisition Corp I entered into a Second Amendment to its unsecured promissory note with Constellation Sponsor LP, dated March 18, 2026, increasing the principal amount by $3,000,000 from $2,250,000 to $5,250,000. The note bears no interest and matures upon closing of the initial business combination, providing additional funding via drawdown requests up to $5,195,000.

Key Takeaways

1Second Amendment dated March 18, 2026, increases promissory note principal by $3,000,000 from $2,250,000 to $5,250,000.

2Original promissory note issued January 29, 2024, in principal amount of $1,660,000.

3First amendment on June 5, 2025, increased principal by $590,000 to $2,250,000.

4Amends Section 3 to allow additional drawdowns up to $5,195,000 until business combination.

5Note is unsecured, bears no interest, and payable upon business combination closing.

6Executed by Chandra R. Patel as CEO of Company and Manager of Sponsor's general partner.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. On January 29, 2024, Constellation Acquisition Corp I, a Cayman Islands exempted company (the “Company”), issued an

Material Agreement

$1.7M$590.0K$1.7M$2.3M

Source Document

2.03

. 1 Item 9.01. Exhibits. (d) Exhibits Exhibit No. Exhibit 10.1 Second Amendment to the Promissory Note, dated March 18, 2026, between Constellation Acquisition

Financing

Transaction Details

Material Agreement

Agreement: Second Amendment to the Promissory Note
Parties: Constellation Acquisition Corp I, Constellation Sponsor LP

•Increases Total Principal Amount by $3,000,000 from $2,250,000 to $5,250,000.
•Amends Section 3 to permit additional aggregate drawdowns up to $5,195,000 until consummation of Business Combination.
•Payee funds each Drawdown Request within three business days.
•All other provisions of the original Note remain in full force and effect.
•Unsecured promissory note bearing no interest, maturing upon closing of initial business combination.

Debt / Financing

Instrument: Unsecured Promissory Note
Principal: 5250000
Rate: none
Maturity: upon closing of initial business combination

Exhibits (2)

10.1

SECOND AMENDMENT TO THE PROMISSORY NOTE, DATED MARCH 18, 2026, BETWEEN CONSTELLATION ACQUISITION CORP I AND CONSTELLATION SPONSOR LP

8-K

CURRENT REPORT