Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 27

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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926,388) 
    $(188,591)
  
    Weighted average non-redeemable Class A ordinary shares and Class B ordinary shares 
     7,750,000  
     7,750,000  
     7,750,000  
     7,750,000 
  
    Basic and diluted net (loss) income per share 
    $(0.17) 
    $0.00  
    $(0.25) 
    $(0.02)

Fair Value of Financial Instruments

The Company follows the guidance in ASC 820 for
its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets
and liabilities that are re-measured and reported at fair value at least annually.

The fair value of the Company’s financial
assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale
of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the
measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of
observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions
about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and
liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

    Level 1 — 
    Valuations
    based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.
    Valuation adjustments and block discounts are not being applied. Since valuations are based on quoted prices that are readily and
    regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.

    Level 2 — 
    Valuations based on (i)
    quoted prices in active markets for similar assets and liabilities, (ii) quoted prices in markets that are not active for identical
    or similar assets, (iii) inputs other than quoted prices for the assets or liabilities, or (iv) inputs that are derived principally
    from or corroborated by market through correlation or other means.

    Level 3 — 
    Valuations based on inputs
    that are unobservable and significant to the overall fair value measurement.

The fair value of the Company’s assets
and liabilities, which