Company: CSTAF
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074972
Chunk: 109

Company: Constellation Acquisition Corp I
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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, 2025 and December 31, 2024, the fair value of the
Private Placement Warrants was valued utilizing the quoted market price of the Public Warrants, and the fair value of the Public Warrants
by reference to the quoted market price of the Public Warrants. The Public Warrants and Private Placement Warrants were classified as
Level 3 at the initial measurement date. There were no transfers among fair value hierarchy during the period ended June 30, 2025 and
December 31, 2024. The Public Warrants are classified as Level 2 due to the lack of trading activity as of the reporting date.

Note 9 — Segment Information 

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which
it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by
the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s chief operating decision
maker has been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company
as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that
there is only one reportable segment.

20

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the unaudited condensed statements of operations
as net income or loss. The measure of segment assets is reported on the balance sheets as total assets. When evaluating the Company’s
performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss
and total assets, which include the following:

    June 30, 2025  
    December 31, 2024 
  
    Cash held in Trust Account 
    $815,619  
    $28,123,011 
  
    Cash 
    $4,905  
    $5,303 

    For the Three Months Ended June 30,  
    For the Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    General and administrative costs