Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 24

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 A ordinary shares and Class B ordinary shares are calculated by dividing
net income attributable to the Company by the weighted average number of redeemable Class A ordinary shares and non-redeemable Class A
ordinary shares and Class B ordinary shares outstanding, allocated proportionally to each class of ordinary shares. This presentation
assumes a Business Combination as the most likely outcome. Accretion associated with the redeemable Class A ordinary shares is excluded
from earnings per share as the redemption value approximates fair value.

13

Reconciliation of Net Loss per Ordinary Share

The Company’s unaudited condensed statements
of operations include a presentation of net loss per share for ordinary shares subject to redemption in a manner similar to the two-class method of
net loss per share. Accordingly, basic and diluted net loss per redeemable Class A ordinary shares and non-redeemable Class A ordinary
shares and B ordinary shares are calculated as follows:

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    Redeemable Class A ordinary shares 

    Allocation of net loss to redeemable Class A ordinary shares subject to possible redemption 
    $(39,688) 
    $(138,626)
  
    Weighted average redeemable Class A ordinary shares subject to possible redemption 
     755,317  
     3,021,887 
  
    Basic and diluted net loss per share 
    $(0.05) 
    $(0.05)

    Non-redeemable Class A ordinary shares and B ordinary shares 

    Allocation of net loss to non-redeemable Class A ordinary shares and Class B ordinary shares 
    $(407,220) 
    $(355,524)
  
    Weighted average non-redeemable Class A ordinary shares and Class B ordinary shares 
     7,750,000  
     7,750,000 
  
    Basic and diluted net loss per share 
    $(0.05) 
    $(0.05)

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