Constellation Acquisition I in an 8-K said nearly 3.4 million shares have been redeemed ahead of tomorrow’s extension vote to push the SPAC’s deal deadline to Jan. 29, 2025. That would leave just under 1.1 million shares outstanding if there are no redemption reversals.
The SPAC made its OTC debut last week after stepping down from the NYSE.
Constellation I 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. Read more.
