Company: CSTAF
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074972
Chunk: 42

Company: Constellation Acquisition Corp I
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 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 July 16, 2025, the Company’s Public Warrants
and Units started trading on the OTCID® Basic Market (“OTCID”). The main difference between OTCID from OTCQB
is that securities listed on the OTCID undergo additional quality review and have different listing standards than those on the OTCQB,
although all are tiers of the OTC Markets. The trading symbols for the Public Warrants and Units remained the same.

The transition to OTCID from OTCQB of the Company’s
Public Warrants and Units did not affect the Company’s business operations, its relationships with partners or employees or its
current SEC reporting obligations.

On July 28, 2025, the Company drew additional
Extension Funds, as approved by unanimous resolution of the extension committee of the Company’s board of directors, dated July
28, 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 July
29, 2025 to August 29, 2025 (the “Sixth 2025 Extension”). The Sixth 2025 Extension is the sixth 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.

21

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations.

References to the “Company,” “Const