AcquisitionsApr 9, 2026, 05:41 PM
Constellation Acquisition Corp I Signs Definitive Business Combination Agreement with HiTech Minerals Inc.
AI Summary
Constellation Acquisition Corp I (CSTA) announced on April 9, 2026, it has entered into a definitive Business Combination Agreement with HiTech Minerals Inc. The transaction will result in HiTech Minerals becoming a publicly traded company through a newly formed entity, US Elemental Inc. (PubCo). This agreement marks a significant step for the SPAC in completing its de-SPAC transaction and bringing HiTech Minerals to the public market, providing a clear path for future growth and capital access.
Key Highlights
- Constellation Acquisition Corp I (CSTA) entered into a definitive Business Combination Agreement on April 9, 2026.
- The agreement involves CSTA, US Elemental Inc. (PubCo), CAC Merger Sub I LLC, USE Merger Sub 2 Inc., and HiTech Minerals Inc.
- CSTA will merge with and into CAC Merger Sub I LLC, which will survive as a wholly-owned subsidiary of PubCo.
- HiTech Minerals Inc. will merge with USE Merger Sub 2 Inc., with HiTech Minerals Inc. surviving as a wholly-owned subsidiary of PubCo.
- The transaction is designed to bring HiTech Minerals Inc. to the public market under the umbrella of US Elemental Inc. (PubCo).