Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 154

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 154
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, 2025,
we had a net loss of approximately $1,300,000, which included a loss from operations of approximately $248,000 and a loss from the change
in fair value of warrant liabilities of approximately $1,100,000, partially offset by interest earned on investments held in the Trust
Account of approximately $7,000.

For the nine months ended September 30, 2025,
we had a net loss of approximately $2,000,000, which included a loss from operations of approximately $928,000 and a loss from the change
in fair value of warrant liabilities of approximately $1,200,000, partially offset by interest earned on investments held in the Trust
Account of approximately $98,000.

For the three months ended September 30, 2024,
we had a net income of approximately $38,000, which included interest earned on investments held in the Trust Account of $310,000, offset
by a loss from operations of $245,000 and a loss from the change in fair value of warrant liabilities of $28,000.

For the nine months ended September 30, 2024,
we had a net loss of approximately $251,000, which included a loss from operations of $1.3 million, offset by interest earned on investments
held in the Trust Account of $1.0 million and a gain from the change in fair value of warrant liabilities of $2,000.

Contractual Obligations

We do not have any long-term debt obligations,
capital lease obligations, operating lease obligations, purchase obligations or long-term liabilities.

Registration Rights

The initial shareholders and holders of the Private
Placement Warrants will be entitled to registration rights pursuant to a registration rights agreement. The initial shareholders and
holders of the Private Placement Warrants will be entitled to make up to three demands, excluding short form registration demands, that
register such securities for sale under the Securities Act. In addition, these holders will have “piggy-back” registration
rights to include their securities in other registration statements filed by us. We will bear the expenses incurred in connection with
the filing of any such registration statements.

Underwriting Agreement

We paid an underwriting discount of 2% of the
per Unit offering price, or approximately $6,200,000 in the aggregate at the closing of the Initial Public Offering and agreed to pay
Deferred Underwriting Fees of 3.5% of the gross offering proceeds, or approximately $10,850