Constellation Acquisition I said it drew $55,000 from its sponsor under a promissory note to move the completion deadline to May 29.
Constellation has been searching for a suitable company “that is 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.
Redemptions on an extension vote earlier this year removed almost $24 million from the trust, leaving approximately $26.4 million.
Constellation I originally raised $300 million in a January 2021 IPO
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