Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 2066

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 14
Chunk 2066
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-for-one basis. Following the conversion, a clarifying
distinction is made that one class of share is redeemable Class A ordinary shares and other class is non-redeemable Class A ordinary shares
and Class B ordinary shares.

Basic and diluted net loss per ordinary share for redeemable Class
A ordinary shares and non-redeemable Class A ordinary shares and Class B ordinary shares are calculated by dividing net income attributable
to the Company by the weighted average number of redeemable Class A ordinary shares and non-redeemable Class A ordinary shares and Class
B ordinary shares outstanding, allocated proportionally to each class of ordinary shares. This presentation assumes a Business Combination
as the most likely outcome. Accretion associated with the redeemable Class A ordinary shares is excluded from earnings per share as the
redemption value approximates fair value.

F-15

Reconciliation of Net Loss per Ordinary Share

The Company’s statements of operations include a presentation
of net loss per share for ordinary shares subject to redemption in a manner similar to the two-class method of net
loss per share. Accordingly, basic and diluted net loss per redeemable Class A ordinary shares and non-redeemable Class A ordinary shares
and B ordinary shares are calculated as follows: 

    For the Years Ended December 31, 

    2024  
    2023 
  
    Redeemable Class A ordinary shares 

    Allocation of net loss to redeemable Class A ordinary shares subject to possible redemption 
    $(61,101) 
    $(162,783)
  
    Weighted average redeemable Class A ordinary shares subject to possible redemption 
     2,530,341  
     6,381,953 
  
    Basic and diluted net loss per share 
    $(0.02) 
    $(0.03)

    Non-redeemable Class A ordinary shares and B ordinary shares 

    Allocation of net loss to non-redeemable Class A ordinary shares and Class B ordinary shares 
    $(187,142) 
    $(197,677)
  
    Weighted average non-redeemable Class A ordinary shares and Class B ordinary shares 
     7,750,000  
     7,750,000 
  
    Basic and diluted net loss per share 
    $(0.02) 
    $(0.03)

Fair Value of Financial Instruments

The Company follows the guidance in ASC 820 for
its financial assets and