Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1786

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 10
Chunk 1786
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 For the Years
    Ended December 31, 

    2024  
    2023 
  
    Cash Flows from Operating Activities: 

    Net loss 
    $(248,243) 
    $(360,460)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Interest earned on cash held in Trust Account 
     (1,276,948) 
     (3,026,074)
  
    Change in fair value of warrant liability 
     (47,399) 
     (173,801)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (22,852) 
     43 
  
    Accounts payable and accrued expenses 
     722,204  
     2,106,662 
  
    Due to related party 
     120,000  
     120,000 
  
    Net cash used in operating activities 
     (753,238) 
     (1,333,630)

    Cash Flows from Investing Activities: 

    Investment of cash in Trust Account 
     (660,000) 
     (1,800,000)
  
    Cash withdrawn from Trust Account in connection with redemption 
     23,671,533  
     269,485,746 
  
    Net cash provided by investing activities 
     23,011,533  
     267,685,746 

    Cash Flows from Financing Activities: 

    Payments on promissory note to related party 
     —  
     (31,572)
  
    Proceeds from promissory note to related party 
     1,365,000  
     — 
  
    Proceeds from convertible promissory note to related party 
     50,000  
     3,131,000 
  
    Redemption of Class A ordinary shares 
     (23,671,533) 
     (269,485,746)
  
    Net cash used in financing activities 
     (22,256,533) 
     (266,386,318)

    Net change in cash 
     1,762  
     (34,202)
  
    Cash, beginning of the period 
     3,541  
     37,743 
  
    Cash, end of the period 
    $5,303