Company: CSTAF
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074972
Chunk: 110

Company: Constellation Acquisition Corp I
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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    $265,079  
    $225,860  
    $679,774  
    $1,014,201 
  
    Interest earned on cash held in Trust Account 
    $7,091  
    $305,998  
    $91,007  
    $694,989 

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 (“CST”), 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 balance sheet date up to 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 July 16, 2025, the Company’s Public Warrants
and Units started trading on the OTCID® Basic Market (“OTCID”). The main difference between OTCID from OTCQB
is that securities listed on the OTCID undergo additional quality review and have different listing standards than those on the OTCQB,
although all are tiers of the OTC Markets. The trading symbols for the Public Warrants and Units remained the same.

The transition to OTCID from OTCQB of the Company’s
Public Warrants and Units did not affect the Company’s business operations, its relationships with partners or employees or its
current SEC reporting obligations.

On July 28, 2025, the Company drew additional
Extension Funds, as approved by unanimous resolution of the extension committee of the Company’s board of directors