Constellation Acquisition Corp I announced a private placement of an unsecured promissory note for gross proceeds of $73,550.35 on May 17, 2022. The transaction included participation from an affiliate of returning investor Constellation Sponsor GmbH & Co. KG.

The note doesn't bear an interest rate and is payable upon earlier to occur of (i) twenty-four (24) months from the closing of the initial public offering, expiring May 17, 2022, or such later date as may be extended in accordance with the terms of its memorandum and articles of association or (ii) the consummation of its business combination. The company has issued the note pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933.