Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 111

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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ited condensed 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 unaudited condensed statements of operations and described within their respective disclosures.

Note 10 — Subsequent Events

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

On October 28, 2025, the Company drew additional
Extension Funds, as approved by unanimous resolution of the extension committee of the Company’s board of directors, dated October
24, 2025, pursuant to the 2024 Note, which Extension Funds the Company deposited into the Company’s Trust Account for its public
shareholders. This deposit enables the Company to extend the date by which it must complete its initial business combination from October
29, 2025 to November 29, 2025 (the “Ninth 2025 Extension”). The Ninth 2025 Extension is the ninth of eleven one-month extensions
permitted under the Company’s amended and restated memorandum and articles of association and provides the Company with additional
time to complete its initial Business Combination.

21

Item 2. Management’s Discussion and
Analysis of Financial Condition and Results of Operations.

References to the “Company,” “Constellation
Acquisition Corp I,” “our,” “us” or “we” refer to Constellation Acquisition Corp I. The following
discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the unaudited
interim condensed financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained
in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Cautionary Note Regarding Forward-Looking
Statements

This Quarterly Report includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. We have
based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements
are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity,
performance or achievements to be materially different from any future results,