Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 6

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
27,383,399  
     23,176,533 

    Cash Flows from Financing Activities: 

    Proceeds from promissory note to related party 
     425,000  
     1,125,000 
  
    Proceeds from convertible promissory note to related party 
     —  
     50,000 
  
    Redemption of Class A ordinary shares 
     (27,428,399) 
     (23,671,533)
  
    Net cash used in financing activities 
     (27,003,399) 
     (22,496,533)

    Net change in cash 
     3,505  
     2,125 
  
    Cash, beginning of the period 
     5,303  
     3,541 
  
    Cash, end of the period 
    $8,808  
    $5,666 

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

4

CONSTELLATION ACQUISITION CORP I
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

Note 1 — Organization and Business Operations

Constellation Acquisition Corp I (the “Company”)
is a blank check company incorporated in the Cayman Islands on November 20, 2020. The Company was formed for the purpose of effecting
a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more
businesses (a “Business Combination”).

As of September 30, 2025, the Company had not
commenced any operations. All activity through September 30, 2025 relates to the Company’s formation and the initial public offering
(the “IPO” or “Initial Public Offering”) which is described below, and identifying a target company for a Business
Combination. The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest.
The Company generates non-operating income in the form of interest income from the proceeds derived from the IPO.

The registration statement for the Company’s
IPO was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 26, 2021 (the “Effective
Date”). On January 29, 2021, the Company consummated the IPO of 31,