Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1560

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 9A
Chunk 1560
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    For the 
Year Ended 
December 31, 
2024  
    For the 
Year Ended  December 31, 
2023 
  
    Cash held in Trust Account 
    $28,123,011  
    $49,857,596 
  
    Cash 
    $5,303  
    $3,541 

    For the 
Year Ended 
December 31, 
2024  
    For the 
Year Ended  December 31, 
2023 
  
    General and administrative costs 
    $1,572,590  
    $3,560,335 
  
    Interest earned on investments held in Trust Account 
    $1,276,948  
    $3,026,074 

The CODM reviews interest earned on investments
held in Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment with the Trust
Account funds while maintaining compliance with the Trust Agreement.

General and administrative expenses are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination or similar
transaction within the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on
the statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net income
or loss are reported on the statements of operations and described within their respective disclosures.

Note 10 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date up to the date that the financial statements were issued. Based on this review, other as described
below, the Company determined no events have occurred that would require adjustments to the disclosures in the financial statements.

On January 27, 2025, the Company held the Shareholder
Meeting (A) to amend, by way of special resolution, the Company’s amended and restated memorandum and articles of association to
extend the 2025 Termination Date by which the Company has to consummate a business combination from the 2025 Original Termination Date
to the 2025 Articles Extension Date and to allow the Company, without another shareholder vote, to elect to extend the 2025 Termination
Date to consummate a business combination on a monthly basis for up to eleven times by an additional one month each time after