Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 40

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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,123,011 
  
    Cash 
    $9,143  
    $5,303 

    For The Three Months Ended March 31,
 2025  
    For The Three Months Ended March 31,
 2024 
  
    General and administrative costs 
    $414,695  
    $788,341 
  
    Interest earned on investments held in Trust Account 
    $83,916  
    $388,991 

The CODM reviews interest earned on investments held in Trust Account to measure and monitor shareholder value and determine the most
effective strategy of investment with the Trust Account funds while maintaining compliance with the Investment Management Trust Agreement,
dated January 26, 2021 between the Company and Continental Stock Transfer & Trust Company (“CST”), as trustee.

General and administrative expenses are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination or similar
transaction within the Combination Period. The CODM also reviews general and administrative costs to manage, maintain and enforce all
contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the
unaudited 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 balance sheet date up to 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 April 29, 2025, the Company drew additional
Extension Funds, as approved by unanimous resolution of the extension committee of the Company’s board of directors, dated April
21, 2025, pursuant to the 2024 Note, which Extension Funds the Company deposited into the Company’s Trust Account for its public
shareholders. This deposit enabled the Company to extend the date by which it must complete its initial Business Combination from April
29, 2025 to May 29, 2025 (the “Third 2025 Extension”). The Third 2025 Extension was the third of eleven one-month extensions
permitted under the Company’s amended and restated memorandum and articles of association