Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 222

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 222
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If the net proceeds of the IPO and the sale of the private
placement warrants not being held in the Trust Account are insufficient to allow us to operate until the Termination Date, it could limit
the amount available to fund our search for a target business or businesses and complete our Business Combination, and we will depend
on loans from our Sponsor or team to fund our search and to complete our Business Combination.

Of the net proceeds of the IPO and the sale of the private placement
warrants, only $1,000,000 will be available to us initially outside the Trust Account to fund our working capital requirements. We believe
that, since the closing of the IPO, the funds available to us outside of the Trust Account, together with funds available from loans from
our Sponsor, members of our team or any of their affiliates will be sufficient to allow us to operate until at least the Termination Date;
however, our estimate may not be accurate, and our Sponsor, members of our team or any of their affiliates are under no obligation to
advance funds to us in such circumstances. Of the funds available to us, we expect to use a portion of the funds available to us to pay
fees to consultants to assist us with our search for a target business. We could also use a portion of the funds as a down payment or
to fund a “no-shop” provision (a provision in letters of intent designed to keep target businesses from “shopping”
around for transactions with other companies or investors on terms more favorable to such target businesses) with respect to a particular
proposed Business Combination, although we do not have any current intention to do so. If we entered into a letter of intent where we
paid for the right to receive exclusivity from a target business and were subsequently required to forfeit such funds (whether as a result
of our breach or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence with respect to, a
target business.

In the event that our offering expenses exceed our estimate of $1,000,000,
we may fund such excess with funds not to be held in the Trust Account. In such case, unless funded by the proceeds of loans available
from our Sponsor, members of our team or any of their affiliates, the amount of funds we intend to be held outside the Trust Account would
decrease by a corresponding amount.

Conversely, in the event that the offering expenses are less than our
estimate of $1,000,000, the