Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 118

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 118
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,970 and there was 7,664,302 Class A ordinary
shares outstanding, of which 64,302 Class A ordinary shares are held by the Company’s public shareholders.

On each of February 25, 2025, March 27, 2025,
April 29, 2025, May 28, 2025, June 26, 2025, July 28, 2025, August 28, 2025, and September 26, 2025 the Company drew the Extension Funds,
in the aggregate amount of $5,000, as approved by unanimous director or extension committee resolution pursuant to the 2024 Note, which
Extension Funds the Company deposited into the Company’s Trust Account for its public shareholders. These deposits enabled the
Company to extend the date by which it must complete its initial Business Combination from February 28, 2025 to October 29, 2025. These
extensions are eight of eleven one-month extensions permitted under the Company’s amended and restated memorandum and articles
of association and provide the Company with additional time to complete its initial Business Combination. As of September 30, 2025 and
December 31, 2024, the Company deposited an aggregate total of $705,000 and $660,000 Extension Funds pursuant to the 2024 Note, respectively.

On March 10, 2025, the Company’s Class
A ordinary shares started trading on the OTC Pink and the Company’s Units started trading on the OTCQB. The main difference between
OTCQB and OTC Pink from OTCQX is that securities listed on the OTCQB and OTC Pink undergo additional quality review and have different
listing standards than those on the OTCQX, although all are tiers of the OTC Markets. The trading symbols for the Class A ordinary shares
and Units remained the same.

The transition to OTC Pink and OTCQB from OTCQX
of the Company’s Class A ordinary shares and Units is not expected to affect the Company’s business operations, its relationships
with partners or employees or its current SEC reporting obligations.

24

On June 5, 2025, the Company amended the 2024
Note, to increase the principal amount by $590,000 from $1,660,000 to $2,250,000. All other provisions of the 2024 Note remained in full
force and effect.

On July 16, 2025