Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 217

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 217
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 United States and elsewhere may
be leading to increased price volatility for publicly traded securities, including ours, and may lead to other national, regional and
international economic disruptions, any of which could make it more difficult for us to consummate a Business Combination.

Risks Relating to Our Securities

We have no operating history and no revenues, and you have
no basis on which to evaluate our ability to achieve our business objective.

We were formed on November 20, 2020 under the laws of the Cayman Islands
and have no operating history. Because we lack an operating history, you have no basis upon which to evaluate our ability to achieve our
business objective of completing our initial business combination with one or more target businesses. We have no plans, arrangements or
understandings with any prospective target business concerning a business combination and may be unable to complete our initial business
combination. If we fail to complete our initial business combination, we will never generate any operating revenues.

You will not have any rights or interests in funds from
the Trust Account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your
public shares or warrants, potentially at a loss.

Our public shareholders will be entitled to receive funds from the
Trust Account only upon the earlier to occur of: (i) our completion of a Business Combination, and then only in connection with those
Class A ordinary shares that such shareholder properly elected to redeem, subject to the limitations described herein, (ii) the redemption
of any public shares properly tendered in connection with a shareholder vote to amend our amended and restated memorandum and articles
of association (A) to modify the substance or timing of our obligation to provide holders of our Class A ordinary shares the right to
have their shares redeemed in connection with our Business Combination or to redeem 100% of our public shares if we do not complete our
Business Combination by the Termination Date, or (B) with respect to any other provision relating to the rights of holders of our Class
A ordinary shares or pre-Business Combination activity, and (iii) the redemption of our public shares if we have not consummated an initial
business by the Termination Date. Public shareholders who redeem their Class A ordinary shares in connection with a shareholder vote described
in clause (ii) in the preceding sentence shall not be entitled to funds from the Trust Account upon the subsequent completion of a Business
Combination or liquidation if we have not consummated a Business