Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 223

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 223
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 amount of funds we intend to be held outside the Trust Account would increase by a corresponding amount.

The amount held in the Trust Account will not be impacted as a result
of such increase or decrease. If we are required to seek additional capital, we would need to borrow funds from our Sponsor, members of
our team or any of their affiliates or other third parties to operate or may be forced to liquidate.

Neither our Sponsor, members of our team nor any of their affiliates
is under any obligation to advance funds to us in such circumstances. Any such advances may be repaid only from funds held outside the
Trust Account or from funds released to us upon completion of our Business Combination. Up to $1,500,000 of such loans may be convertible
into warrants of the post-Business Combination entity at a price of $1.50 per warrant at the option of the lender. The warrants would
be identical to the private placement warrants. Prior to the completion of our Business Combination, we do not expect to seek loans from
parties other than our Sponsor, members of our team or any of their affiliates as we do not believe third parties will be willing to loan
such funds and provide a waiver against any and all rights to seek access to funds in our Trust Account. If we do not complete our Business
Combination within the required time period because we do not have sufficient funds available to us, we will be forced to cease operations
and liquidate the Trust Account. Consequently, our public shareholders may only receive an estimated $10.00 per public share, or possibly
less, on our redemption of our public shares, and our warrants will expire worthless. See “-If third parties bring claims against
us, the proceeds held in the Trust Account could be reduced and the per-share redemption amount received by shareholders may be less than
$10.00 per public share” and other risk factors herein.

Subsequent to our completion of our Business Combination,
we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative
effect on our financial condition, results of operations and the share price of our securities, which could cause you to lose some or
all of your investment.

Even if we conduct due diligence on a target business with which we
combine, this diligence may not surface all material issues with a particular target business. In addition, factors outside of the target
business and outside of our control may later arise. As a result of these factors,