Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 0

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

CONSTELLATION ACQUISITION CORP I
CONDENSED BALANCE SHEETS

    March 31, 2025  
    December 31, 2024 

    (unaudited)  

    Assets: 

    Current Assets: 

    Cash 
    $9,143  
    $5,303 
  
    Prepaid expenses 
     44,575  
     56,263 
  
    Total current assets 
     53,718  
     61,566 
  
    Cash held in Trust Account 
     793,528  
     28,123,011 
  
    Total Assets 
    $847,246  
    $28,184,577 

    Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit 

    Current liabilities: 

    Accounts payable and accrued expenses 
    $3,994,709  
    $3,802,862 
  
    Due to related party 
     270,000  
     240,000 
  
    Promissory notes – related party 
     1,792,208  
     1,592,208 
  
    Convertible promissory note – related party 
     3,181,000  
     3,181,000 
  
    Total current liabilities 
     9,237,917  
     8,816,070 
  
    Deferred underwriting fee 
     10,850,000  
     10,850,000 
  
    Warrant liabilities 
     368,929  
     252,800 
  
    Total Liabilities 
     20,456,846  
     19,918,870 

    Commitments and Contingencies (Note 6) 

    Class A ordinary shares subject to possible redemption, 64,302 and 2,367,684 shares at redemption value at approximately $12.34 and $11.88 per share as of and March 31, 2025 and December 31, 2024, respectively 
     793,528  
     28,123,011 

    Shareholders’ Deficit: 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of March 31, 2025