Constellation Acquisition I moved its deadline to June 29 for a $55,000 deposit into trust for its shareholders.
This is the fourth of 11 one-month extensions available.
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 the 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.
The SPAC made its OTC debut in January after stepping down from the NYSE.
