Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 966

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 5
Chunk 966
---
 23,671,533  
     269,485,746 
  
    Net cash provided by investing activities 
     23,011,533  
     267,685,746 

    Cash Flows from Financing Activities: 

    Payments on promissory note to related party 
     —  
     (31,572)
  
    Proceeds from promissory note to related party 
     1,365,000  
     — 
  
    Proceeds from convertible promissory note to related party 
     50,000  
     3,131,000 
  
    Redemption of Class A ordinary shares 
     (23,671,533) 
     (269,485,746)
  
    Net cash used in financing activities 
     (22,256,533) 
     (266,386,318)

    Net change in cash 
     1,762  
     (34,202)
  
    Cash, beginning of the period 
     3,541  
     37,743 
  
    Cash, end of the period 
    $5,303  
    $3,541 

    Supplemental disclosure of non-cash activities: 

    Accretion
    of Class A ordinary shares subject to redemption 
    $1,936,948  
    $4,826,074 

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

F-6

CONSTELLATION ACQUISITION CORP I
NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2024

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 December 31, 2024, the Company had not commenced
any operations. All activity through December 31, 2024 relates to the Company’s formation and the initial public offering (the “IPO”
or “Initial Public Offering”) which is described below, and identifying a target company for a Business Combination. The Company
will not generate any operating revenues until after the completion of a Business Combination, at