Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 444

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1B
Chunk 444
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 initial or continued trading requirements of
OTCQX® Best Market and the OTCQB® Venture Market or (iii) where the Board has determined it is otherwise necessary.

In connection with the vote to approve the 2025 Extension Amendment
Proposal and the Founder Share Amendment Proposal held on January 27, 2025, the holders of 2,303,382 Class A ordinary shares properly
exercised their right to redeem their shares for cash at a redemption price of approximately $11.91 per share, for an aggregate redemption
amount of $27,428,399. After the satisfaction of such redemptions and receipt of the initial deposit of $5,000 to the Trust Account, the
balance in the Trust Account will be approximately $778,970.65 and there are 7,664,302 Class A ordinary shares outstanding, of which 64,302
Class A ordinary shares are held by the Company’s public shareholders.

Risks and Uncertainties

Management acknowledges that the Company depends
on a variety of U.S. and multi-national financial institutions for banking services. Market conditions can impact the viability of these
institutions, which in effect will affect the Company’s ability to maintain and provide assurances that the Company can access its
cash and cash equivalents in a timely manner or at all. Any inability to access or delay in accessing these funds could adversely affect
the Company’s liquidity, business and financial condition.

In February 2022, the Russian Federation and Belarus
commenced a military action with the country of Ukraine. As a result of this action, various nations, including the United States, have
instituted economic sanctions against the Russian Federation and Belarus. Further, the impact of this action and related sanctions on
the world economy is not determinable as of the date of these financial statements. The specific impact on the Company’s financial
condition, results of operations, and cash flows is also not determinable as of the date of these financial statements.

F-11

In October 2023, the Israel-Hamas war commenced.
As a result of the war, instability in the Middle East and various other regions of the world may occur and effect the world economy.
Various nations, including the United States, as a reaction to the Israel-Hamas war have begun taking actions that may further affect
the world economy. Such effects on the world economy are not determinable as of the date of these financial statements. The specific impact
on the Company’s financial condition, results of