Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 212

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 212
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 business
in a particular industry sector nor have we selected any specific target businesses with which to pursue our Business Combination, you
will be unable to ascertain the merits or risks of any particular target business’s operations.

We may pursue Business Combination opportunities in any sector, except
that we will not, under our amended and restated memorandum and articles of association, be permitted to effectuate our Business Combination
solely with another blank check company or similar company with nominal operations. Because we have not yet selected or approached any
specific target business with respect to a Business Combination, there is no basis to evaluate the possible merits or risks of any particular
target business’s operations, results of operations, cash flows, liquidity, financial condition or prospects. To the extent we complete
our Business Combination, we may be affected by numerous risks inherent in the business operations with which we combine. For example,
if we combine with a financially unstable business or an entity lacking an established record of sales or earnings, we may be affected
by the risks inherent in the business and operations of a financially unstable or a development stage entity.

Although our officers and directors will endeavor to evaluate the risks
inherent in a particular target business, we may not properly ascertain or assess all of the significant risk factors or that we will
have adequate time to complete due diligence. Furthermore, some of these risks may be outside of our control and leave us with no ability
to control or reduce the chances that those risks will adversely impact a target business. An investment in our units may not ultimately
prove to be more favorable to investors than a direct investment, if such opportunity were available, in a Business Combination target.
Accordingly, any holders who choose to retain their securities following our Business Combination could suffer a reduction in the value
of their securities. Such holders are unlikely to have a remedy for such reduction in value unless they are able to successfully claim
that the reduction was due to the breach by our officers or directors of a duty of care or other fiduciary duty owed to them, or if they
are able to successfully bring a private claim under securities laws that the proxy solicitation or tender offer materials, as applicable,
relating to the Business Combination contained an actionable material misstatement or material omission.

23

We may seek acquisition opportunities in industries or
sectors which may or may not be outside of our founders’ area of expertise.

We will consider a Business Combination outside of our founders’
area of expertise if a Business Combination target is presented to us and we determine that