Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 214

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 214
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 In addition, if shareholder approval of the transaction is required by applicable law or stock exchange
rule, or we decide to obtain shareholder approval for business or other reasons, it may be more difficult for us to attain shareholder
approval of our Business Combination if the target business does not meet our general criteria. If we do not complete our Business Combination
within the required time period, our public shareholders may receive only approximately $10.00 per public share, or less in certain circumstances,
on the liquidation of our Trust Account and our warrants will expire worthless.

We are not required to obtain an opinion from an independent
accounting or investment banking firm, and consequently, you may have no assurance from an independent source that the price we are paying
for the business is fair to our shareholders from a financial point of view.

Unless we complete our Business Combination with an affiliated entity,
we are not required to obtain an opinion from an independent accounting firm or valuation firm or independent investment banking firm
that the price we are paying is fair to our shareholders from a financial point of view. If no opinion is obtained, our shareholders will
be relying on the judgment of our board of directors, who will determine fair market value based on standards generally accepted by the
financial community. Such standards used will be disclosed in our proxy solicitation or tender offer materials, as applicable, related
to our Business Combination.

We may only be able to complete one Business Combination
with the proceeds of the IPO and the sale of the private placement warrants, which will cause us to be solely dependent on a single business
which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability.

As of December 31, 2024, we had approximately $28,120,285 available
in the Trust Account to consummate a Business Combination.

We may effectuate our Business Combination with a single target business
or multiple target businesses simultaneously or within a short period of time. However, we may not be able to effectuate our Business
Combination with more than one target business because of various factors, including the existence of complex accounting issues and the
requirement that we prepare and file pro forma financial statements with the SEC that present operating results and the financial condition
of several target businesses as if they had been operated on a combined basis. By completing our Business Combination with only a single
entity, our lack of diversification may subject us to numerous economic, competitive and regulatory developments. Further, we would not
be able to