Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 153

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 153
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 that new financing
along the lines detailed above will be available to us on commercially acceptable terms, if at all. Further, we have until the Termination
Date to consummate a Business Combination, but we cannot provide assurance that we will be able to consummate a Business Combination by
that date. If a Business Combination is not consummated by the required date, there will be a mandatory liquidation and subsequent dissolution.
In connection with the Company’s assessment of going concern considerations in accordance with ASC Topic 205-40, “Presentation
of Financial Statements—Going Concern”, the liquidity condition and mandatory liquidation raise substantial doubt about the
Company’s ability to continue as a going concern until the earlier of the consummation of the Business Combination or January 29,
2026, the date the Company is required to liquidate. These unaudited condensed financial statements do not include any adjustments relating
to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to
continue as a going concern.

We intend to complete our Business Combination
before the mandatory liquidation date; however, there can be no assurance that we will be able to consummate any Business Combination
by the Termination Date. If the Company’s estimates of the costs of identifying a target business, undertaking in-depth due diligence
and negotiating a Business Combination are less than the actual amount necessary to do so, the Company may have insufficient funds available
to operate its business prior to a Business Combination. Moreover, the Company may need to obtain additional financing either to complete
a Business Combination or because it becomes obligated to redeem a significant number of its Public Shares upon completion of a Business
Combination, in which case the Company may issue additional securities or incur debt in connection with such Business Combination.

Results of Operations

Our entire activity from inception through September
30, 2025 related to our formation, the preparation for the Initial Public Offering, and since the closing of the Initial Public Offering,
the search for a prospective Business Combination. We have neither engaged in any operations nor generated any revenues to date. We will
not generate any operating revenues until after completion of our Business Combination. We generate non-operating income in the form
of interest income and dividends on cash and investments held in the Trust Account. We expect to incur increased expenses as a result
of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three months ended September 30