Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 62

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 62
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 our initial shareholders or their permitted transferees
are registered for resale.

Resources could be wasted in researching acquisitions that
are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If
we do not complete our Business Combination within the required time period, our public shareholders may receive only approximately $10.00
per public share, or less in certain circumstances, on the liquidation of our Trust Account and our warrants will expire worthless.

We anticipate that the investigation of each specific target business
and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments will require substantial
management time and attention and substantial costs for accountants, attorneys and others. If we decide not to complete a specific Business
Combination, the costs incurred up to that point for the proposed transaction likely would not be recoverable. Furthermore, if we reach
an agreement relating to a specific target business, we may fail to complete our Business Combination for any number of reasons including
those beyond our control. Any such event will result in a loss to us of the related costs incurred which could materially adversely affect
subsequent attempts to locate and acquire or merge with another business. If we do not complete our Business Combination within the required
time period, our public shareholders may receive only approximately $10.00 per public share, or less in certain circumstances, on the
liquidation of our Trust Account and our warrants will expire worthless.

We may issue notes or other debt, or otherwise incur substantial
debt, to complete a Business Combination, which may adversely affect our leverage and financial condition and thus negatively impact the
value of our shareholders’ investment in us.

Although we have no commitments as of the date of this Annual Report
to issue any notes or other debt, or to otherwise incur debt following the IPO, we may choose to incur substantial debt to complete our
Business Combination. We and our officers have agreed that we will not incur any indebtedness unless we have obtained from the lender
a waiver of any right, title, interest or claim of any kind in or to the monies held in the Trust Account. As such, no issuance of debt
will affect the per share amount available for redemption from the Trust Account.

34

Nevertheless, the incurrence of debt could have a variety of negative
effects, including:

●default and foreclosure on our assets if our operating revenues
after a Business Combination are insufficient to repay our debt obligations;

●acceleration of our obligations to repay the indebtedness