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

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 10
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 obligations,
including, among other things, providing only two years of audited financial statements. We will remain a smaller reporting company until
the last day of the fiscal year in which (1) the market value of our ordinary shares held by non-affiliates is equal to or exceeds $250
million as of the prior June 30, or (2) our annual revenues equaled or exceeded $100 million during the most recently completed fiscal
year and the market value of our ordinary shares held by non-affiliates is equal to or exceeds $700 million as of the prior June 30.
To the extent we take advantage of such reduced disclosure obligations, it may also make comparison of our financial statements with
other public companies difficult or impossible.

5

Effecting Our Business Combination

General

We intend to effectuate our Business Combination using cash from the
proceeds of the IPO, the sale of the private placements warrants, our equity, debt or a combination of these as the consideration to
be paid in our Business Combination. We may seek to complete our Business Combination with a company or business that may be financially
unstable or in its early stages of development or growth, which would subject us to the numerous risks inherent in such companies and
businesses.

If our Business Combination is paid for using equity or debt, or not
all of the funds released from the Trust Account are used for payment of the consideration in connection with our Business Combination
or used for redemptions of our Class A ordinary shares, we may apply the balance of the cash released to us from the Trust Account for
general corporate purposes, including for maintenance or expansion of operations of the post-Business Combination company, the payment
of principal or interest due on indebtedness incurred in completing our Business Combination, to fund the purchase of other companies
or for working capital.

We have not selected any Business Combination target.

Accordingly, there is no current basis for investors to evaluate the
possible merits or risks of the target business with which we may ultimately complete our Business Combination.

Although our team will assess the risks inherent in a particular target
business with which we may combine, we cannot assure you that this assessment will result in our identifying all risks that a target
business may encounter.

Furthermore, some of those risks may be outside of our control, meaning
that we can do nothing to control or reduce the chances that those risks will adversely affect a target business.

We may need to obtain additional financing to complete our Business
Combination, either because the