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SPAC · Deal announced · CSTAF

Constellation Acquisition Corp I

Business combination with HiTech Minerals Inc.

Constellation Acquisition Corp I (CSTAF) is a blank-check company (SPAC) that raised $300M in its initial public offering on Jan 28, 2021, listing on New York Stock Exchange. It agreed to combine with HiTech Minerals Inc., announced on Apr 9, 2026, at a stated value of $500M. The deal has not closed yet. Davis Polk advised the SPAC and Ropes & Gray advised the underwriters on the IPO.

HiTech Minerals Inc., a subsidiary of Australia-listed Jindalee Lithium, holds the McDermitt Lithium Project, which it describes as one of the largest lithium resources in the United States. The company aims to advance domestic lithium supply for batteries, electrification and energy storage.

Status
Deal announced
Ticker
CSTAF
IPO date
Jan 28, 2021
IPO size
$300M
IPO exchange
New York Stock Exchange
Target
HiTech Minerals Inc. (Jindalee Lithium subsidiary)
Target sector
Mining
Announced
Apr 9, 2026
Stated deal value
$500M
Combined company
US Elemental Inc.
SPAC counsel (IPO)
Davis Polk and Maples and Calder
Underwriters' counsel (IPO)
Ropes & Gray

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