Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 534

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1C
Chunk 534
---
ITION CORP I

INDEX TO FINANCIAL STATEMENTS

    Page
  
    Report of Independent Registered Public Accounting Firm
     
    F-2
  
    Financial Statements:

    Balance Sheets as of December 31, 2024 and 2023
     
    F-3
  
    Statements of Operations for the years ended December 31, 2024 and 2023
     
    F-4
  
    Statements of Changes in Shareholders’ Deficit for the years ended December 31, 2024 and 2023
     
    F-5
  
    Statements of Cash Flows for the years ended December 31, 2024 and 2023
     
    F-6
  
    Notes to Financial Statements
     
    F-7 to F-26

F-1

Report of Independent Registered Public Accounting
Firm

To the Board of Directors and Shareholders of

Constellation Acquisition Corp I:

Opinion on the Financial Statements

We have audited the accompanying balance sheets of
Constellation Acquisition Corp I (the “Company”) as of December 31, 2024 and 2023, and the related statements of operations,
changes in shareholders’ deficit, and cash flows for the years then ended, and the related notes (collectively referred to as the
“financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial
position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years then
ended, in conformity with accounting principles generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has a working
capital deficit and needs to complete a Business Combination by the close of business on January 29, 2026, otherwise the Company will
cease all operations except for the purpose of liquidating. The liquidity condition and date for mandatory liquidation and subsequent
dissolution raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard
to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome
of this uncertainty.

Basis for Opinion

These financial statements are the responsibility
of the entity’s management. Our responsibility is to express