Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1064

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 6
Chunk 1064
---
 as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ WithumSmith+Brown, PC

We have served as the Company’s auditor since
2020.

New York, New York

April 1, 2025

PCAOB Number 100

F-2

CONSTELLATION ACQUISITION CORP I
BALANCE SHEETS

    December 31, 2024  
    December 31, 2023 

    Assets: 

    Current Assets: 

    Cash 
    $5,303  
    $3,541 
  
    Prepaid expenses 
     56,263  
     33,411 
  
    Total current assets 
     61,566  
     36,952 
  
    Cash held in Trust Account 
     28,123,011  
     49,857,596 
  
    Total Assets 
    $28,184,577  
    $49,894,548 

    Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit 

    Current liabilities: 

    Accounts payable and accrued expenses 
    $3,802,862  
    $3,080,658 
  
    Due to related party 
     240,000  
     120,000 
  
    Promissory notes – related party 
     1,592,208  
     227,208 
  
    Convertible promissory note - related party 
     3,181,000  
     3,131,000 
  
    Total current liabilities 
     8,816,070  
     6,558,866 
  
    Deferred underwriting fee 
     10,850,000  
     10,850,000 
  
    Warrant liabilities 
     252,800  
     300,199 
  
    Total Liabilities 
     19,918,870  
     17,709,065 

    Commitments and Contingencies (Note 6) 

    Class A ordinary shares subject to possible redemption, 2,367,684 and 4,493,843 shares at redemption value at approximately $11.88 and $11.09 per share as of and December 31, 2024 and 2023, respectively 
     28,123,