Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 3

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 Total Shareholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance as of January 1, 2024 (audited) 
     —  
    $—  
     7,750,000  
    $775  
    $—  
    $(17,672,888) 
    $(17,672,113)
  
    Accretion of Class A ordinary shares subject to redemption 
     —  
     —  
     —  
     —  
     —  
     (553,991) 
     (553,991)
  
    Conversion of Class B ordinary shares to Class A ordinary shares 
     7,600,000  
     760  
     (7,600,000) 
     (760) 
     —  
     —  
     — 
  
    Net loss 
     —  
     —  
     —  
     —  
     —  
     (494,150) 
     (494,150)
  
    Balance as of March 31, 2024 (unaudited) 
     7,600,000  
    $760  
     150,000  
    $15  
    $—  
    $(18,721,029) 
    $(18,720,254)

The accompanying notes are an integral part of
these unaudited condensed financial statements.

3

CONSTELLATION ACQUISITION CORP I
CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net loss 
    $(446,908) 
    $(494,150)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Interest earned on cash held in Trust Account 
     (83,916) 
     (388,991)
  
    Change in fair value of warrant liability 
     116,129  
     94,800 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     11,688  
     (93