Constellation Acquisition I in a regulatory filing said it issued an unsecured promissory note for $73,550.35 to an affiliate of its sponsor. The proceeds will be used as general working capital purposes.
Constellation I raised $300 million in a January 2021 IPO.
The SPAC’s focus is on targets “at the forefront of change in one of several rapidly changing segments of the global economy,” driven either by digitization of business processes, the rising global middle class and their increased focus on personal well-being or the pace and impact of disruptive innovation. Read more.