Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 103

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 103
---
 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:

    March 31,
 2025  
    December 31, 
2024 
  
    Cash held in Trust Account 
    $793,528  
    $28,123,011 
  
    Cash 
    $9,143  
    $5,303 

    For The Three Months Ended March 31,
 2025  
    For The Three Months Ended March 31,
 2024 
  
    General and administrative costs 
    $414,695  
    $788,341 
  
    Interest earned on investments held in Trust Account 
    $83,916  
    $388,991 

The CODM reviews interest earned on investments held in Trust Account to measure and monitor shareholder value and determine the most
effective strategy of investment with the Trust Account funds while maintaining compliance with the Investment Management Trust Agreement,
dated January 26, 2021 between the Company and Continental Stock Transfer & Trust Company (“CST”), as trustee.

General and administrative expenses are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination or similar
transaction within the Combination Period. The CODM also reviews general and administrative costs to manage, maintain and enforce all
contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the
unaudited condensed statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net income
or loss are reported on the unaudited condensed statements of operations and described within their respective disclosures.

Note 10 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date up to the date that the unaudited condensed financial statements were issued. Based on this
review, other than as described below, the Company determined no events have occurred that would