Constellation Acquisition Corp I announced that it has entered into a purchase agreement for a private placement of 5,333,333 private placement warrants at a price of $1.50 per warrant, for an aggregate gross proceeds of $8,000,000 on January 8, 2021. The company will issue up to 5,933,333 private placement warrants if the over-allotment option is exercised in full. Each warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The private placement warrants will be non-redeemable for cash and exercisable on a cashless basis so long as the investor or its permitted transferees hold them. Once the warrants become exercisable, the company may redeem the outstanding warrants subject to conditions. The securities are subject to a hold period of 30 days.