Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 42

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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    $248,326  
    $244,972  
    $928,100  
    $1,259,173 
  
    Interest earned on cash held in Trust Account 
    $7,292  
    $310,320  
    $98,299  
    $1,005,309 

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, 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 condensed balance sheet date through 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 require
adjustments to the disclosures in the unaudited condensed financial statements.

On October 28, 2025, the Company drew additional
Extension Funds, as approved by unanimous resolution of the extension committee of the Company’s board of directors, dated October
24, 2025, pursuant to the 2024 Note, which Extension Funds the Company deposited into the Company’s Trust Account for its public
shareholders. This deposit enables the Company to extend the date by which it must complete its initial business combination from October
29, 2025 to November 29, 2025 (the “Ninth 2025 Extension”). The Ninth 2025 Extension is the ninth of eleven one-month extensions
permitted under the Company’s amended and restated memorandum and articles of association and provides the Company with additional
time to complete its initial Business Combination.

21

Item 2. Management’s Discussion and