Recent Updates — CSTUF

Constellation Acquisition Corp I announced the immediate resignation of President Richard C. Davis and Chief Technology Officer Graeme Shaw on August 6, 2026. Both executives stepped down effective immediately without any underlying disagreements regarding operations or policies. Mr. Davis will continue to serve as a member of the board of directors following his departure from officer roles. The company operates in the special purpose acquisition company (SPAC) industry.

Constellation Acquisition Corp I drew $5,000 from an unsecured promissory note with Constellation Sponsor LP to deposit into its trust account. This funding enables a one-month extension of the deadline to complete its initial business combination from July 29, 2026, to August 29, 2026. The transaction represents the sixth of eleven permitted extensions and does not bear interest. Constellation Acquisition Corp I operates as a blank check company in the financial services industry.

Water Tower Research distributed an invitation for a virtual conversation on July 16, 2026, featuring Ian Rodger, CEO of HiTech Minerals Inc. The discussion will focus on the proposed business combination between Constellation Acquisition Corp I, HiTech, and US Elemental Inc. (PubCo), including the anticipated Nasdaq listing of PubCo. The companies are currently preparing a Form S-4 Registration Statement to facilitate the transaction and shareholder proxy solicitation. Constellation Acquisition Corp I is a special purpose acquisition company.