Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 4

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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,441)
  
    Accounts payable and accrued expenses 
     191,847  
     497,099 
  
    Due to related party 
     30,000  
     30,000 
  
    Net cash used in operating activities 
     (181,160) 
     (354,683)

    Cash Flows from Investing Activities: 

    Investment of cash in Trust Account 
     (15,000) 
     (165,000)
  
    Cash withdrawn from Trust Account in connection with redemption 
     27,428,399  
     23,671,533 
  
    Net cash provided by investing activities 
     27,413,399  
     23,506,533 

    Cash Flows from Financing Activities: 

    Proceeds from promissory note to related party 
     200,000  
     470,000 
  
    Proceeds from convertible promissory note to related party 
     —  
     50,000 
  
    Redemption of Class A ordinary shares 
     (27,428,399) 
     (23,671,533)
  
    Net cash used in financing activities 
     (27,228,399) 
     (23,151,533)

    Net change in cash 
     3,840  
     317 
  
    Cash, beginning of the period 
     5,303  
     3,541 
  
    Cash, end of the period 
    $9,143  
    $3,858 

The accompanying notes are an integral part of
these unaudited condensed financial statements.

4

CONSTELLATION ACQUISITION CORP I
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

Note 1 — Organization and Business Operations

Constellation Acquisition Corp I (the “Company”)
is a blank check company incorporated in the Cayman Islands on November 20, 2020. The Company was formed for the purpose of effecting
a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses
(a “Business Combination”).

As of March 31, 2025, the Company had not commenced
any operations. All activity through March 31, 2025 relates to the Company’s formation and the initial public offering