Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 26

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 redeemable Class A ordinary shares and other class is non-redeemable Class A ordinary
shares and Class B ordinary shares.

Basic and diluted net (loss) income per ordinary
share for redeemable Class A ordinary shares and non-redeemable Class A ordinary shares and Class B ordinary shares are calculated by
dividing net (loss) income attributable to the Company by the weighted average number of redeemable Class A ordinary shares and non-redeemable
Class A ordinary shares and Class B ordinary shares outstanding, allocated proportionally to each class of ordinary shares. This presentation
assumes a Business Combination as the most likely outcome. Accretion associated with the redeemable Class A ordinary shares is excluded
from earnings per share as the redemption value approximates fair value.

13

Reconciliation of Net (Loss) Income per Ordinary
Share

The Company’s unaudited condensed statements
of operations include a presentation of net (loss) income per share for ordinary shares subject to redemption in a manner similar to the two-class method of
net (loss) income per share. Accordingly, basic and diluted net (loss) income per redeemable Class A ordinary shares and non-redeemable
Class A ordinary shares and B ordinary shares are calculated as follows:

    For the Three Months Ended September 30,  
    For the Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Redeemable Class A ordinary shares 

    Allocation of net (loss) income to redeemable Class A ordinary shares subject to possible redemption 
    $(10,954) 
    $8,822  
    $(72,608) 
    $(62,903)
  
    Weighted average redeemable Class A ordinary shares subject to possible redemption 
     64,302  
     2,367,684  
     292,109  
     2,584,956 
  
    Basic and diluted net (loss) income per share 
    $(0.17) 
    $0.00  
    $(0.25) 
    $(0.02)

    Non-redeemable Class A ordinary shares and B ordinary shares 

    Allocation of net (loss) income to non-redeemable Class A ordinary shares and Class B ordinary shares 
    $(1,320,276) 
    $28,877  
    $(1,