Company: CSTAF
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074972
Chunk: 95

Company: Constellation Acquisition Corp I
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
) 
    $47,963  
    $(33,389) 
    $(74,613)
  
    Weighted average redeemable Class A ordinary shares subject to possible redemption 
     64,302  
     2,367,684  
     407,900  
     2,694,785 
  
    Basic and diluted net (loss) income per share 
    $(0.03) 
    $0.02  
    $(0.08) 
    $(0.03)

    Non-redeemable Class A ordinary shares and B ordinary shares 

    Allocation of net (loss) income to non-redeemable Class A ordinary shares and Class B ordinary shares 
    $(219,041) 
    $156,994  
    $(634,377) 
    $(214,580)
  
    Weighted average non-redeemable Class A ordinary shares and Class B ordinary shares 
     7,750,000  
     7,750,000  
     7,750,000  
     7,750,000 
  
    Basic and diluted net (loss) income per share 
    $(0.03) 
    $0.02  
    $(0.08) 
    $(0.03)

Fair Value of Financial Instruments

The Company follows the guidance in ASC 820 for
its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets
and liabilities that are re-measured and reported at fair value at least annually.

The fair value of the Company’s financial
assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale
of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the
measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of
observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions
about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities
based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

    Level 1 — 
    Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts