Company: CSTAF
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074972
Chunk: 18

Company: Constellation Acquisition Corp I
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 Company’s board of directors, dated May 27, 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 May 29, 2025 to June 29,
2025 (the “Fourth 2025 Extension”). The Fourth 2025 Extension is the fourth 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.

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.

9

On June 26, 2025, the Company drew additional
Extension Funds, as approved by unanimous resolution of the extension committee of the Company’s board of directors, dated June
26, 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 June
29, 2025 to July 29, 2025 (the “Fifth 2025 Extension”). The Fifth 2025 Extension is the fifth 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. As of June 30, 2025 and December 31, 2024, the Company deposited an aggregate total
of $690,000 and $660,000 Extension Funds pursuant to 2024 Note, respectively. 

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,