Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 18

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 and the Company’s Units started trading on the
OTCQB. The main difference between OTCQB and OTC Pink from OTCQX is that securities listed on the OTCQB and OTC Pink undergo additional
quality review and have different listing standards than those on the OTCQX, although all are tiers of the OTC Markets. The trading symbols
for the Class A ordinary shares and Units remained the same.

The transition to OTC Pink and OTCQB from OTCQX
of the Company’s Class A ordinary shares and Units is not expected to affect the Company’s business operations, its relationships
with partners or employees or its current SEC reporting obligations.

On June 5, 2025, the Company amended the 2024
Note, to increase the principal amount by $590,000 from $1,660,000 to $2,250,000. Unless otherwise set forth in the amendment, all other
provisions of the 2024 Note remain in full force and effect.

On September 8, 2025, Jindalee Lithium Limited,
an Australian public company listed on the Australian Securities Exchange (“Jindalee”), announced that Jindalee and the Company
had entered into a non-binding term sheet related to a business combination between the Company and HiTech Minerals, Inc., a Nevada corporation
and wholly owned subsidiary of Jindalee.

9

Risks and Uncertainties

Management acknowledges that the Company depends
on a variety of U.S. and multi-national financial institutions for banking services. Market conditions can impact the viability of these
institutions, which in effect will affect the Company’s ability to maintain and provide assurances that the Company can access
its cash and cash equivalents in a timely manner or at all. Any inability to access or delay in accessing these funds could adversely
affect the Company’s liquidity, business and financial condition.

In February 2022, the Russian Federation and
Belarus commenced a military action with the country of Ukraine. As a result of this action, various nations, including the United States,
have instituted economic sanctions against the Russian Federation and Belarus. Further, the impact of this action and related sanctions
on the world economy is not determinable as of the date of these unaudited condensed financial statements. The specific impact on the
Company’s financial condition, results of operations, and cash flows is also not determinable as of the date of these unaudited
condensed financial statements.

In October