Constellation Acquisition Corp
11.52+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · CSTAF · USD
Key Stats
Market Cap
90.02MP/E (TTM)
-Basic EPS (TTM)
-0.07Dividend Yield
0%Recent Filings
8-K
8-K
SPAC LOI for $500M lithium merger
Constellation Acquisition Corp I inked a non-binding LOI on September 8, 2025, to merge with Jindalee's US subsidiary HiTech Minerals, valuing its lithium assets at $500M and forming NewCo for a US exchange listing. The deal eyes a $20-30M capital raise, with Antarctica affiliates committing $4M, to fund the McDermitt Lithium Project's feasibility study amid strong US government backing for domestic minerals. Jindalee retains over 80% ownership post-close, targeted for early 2026. Yet risks loom: no binding agreement yet, and closing hinges on approvals.
8-K
SPAC extends deadline one month
Constellation Acquisition Corp I drew $5,000 from its sponsor on August 28, 2025, depositing the funds into its trust account to extend the deadline for completing its initial business combination from August 29 to September 29, 2025. This marks the seventh of eleven permitted one-month extensions, buying more time amid ongoing search efforts. The non-interest-bearing note matures at closing or repayment from non-trust assets if no deal materializes.
10-Q
Q2 FY2025 results
Constellation Acquisition Corp I posted a Q2 net loss of $220,858, up from a $204,957 profit last year, driven by $265,079 in administrative costs that outpaced $7,091 in trust interest and a $37,130 warrant fair-value gain. For the half-year, losses widened to $667,766 from $289,193, with operating shortfalls climbing 33% year-over-year amid heavy redemptions that slashed the trust to $815,619 from $28.1M. Cash dwindles to $4,905, offset by $5.1M in related-party debt including a $2.25M extension note funding monthly trust deposits to push the merger deadline to January 2026. Warrants trade on OTCID post-delisting. Yet redemptions keep draining liquidity. Sponsors hold firm. Liquidation looms if no deal by deadline.
8-K
SPAC extends combination deadline
Constellation Acquisition Corp I drew $5,000 from an unsecured promissory note with its sponsor on July 28, 2025, depositing the funds into its trust account to extend the deadline for completing an initial business combination from July 29 to August 29, 2025. This marks the sixth of eleven permitted one-month extensions, buying more time amid ongoing search efforts. The note bears no interest and matures at closing. Yet, failure to consummate a deal risks repayment solely from non-trust assets.
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