Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 642

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 642
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 understanding of internal
control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal
control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, 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