Constellation Acquisition Corp I
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
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Balance Sheets as of December 31, 2023 and 2022
BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets: | ||
| Current Assets: | ||
| Cash | $3,541 | $37,743 |
| Prepaid expenses | 33,411 | 33,454 |
| Total current assets | 36,952 | 71,197 |
| Cash and Investments held in Trust Account | 49,857,596 | 314,517,268 |
| Total Assets | $49,894,548 | $314,588,465 |
| Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $3,080,658 | $973,996 |
| Due to related party | 120,000 | — |
| Promissory note – related party | 227,208 | 258,780 |
| Convertible promissory note - related party | 3,131,000 | — |
| Total current liabilities | 6,558,866 | 1,232,776 |
| Deferred Underwriting Fee | 10,850,000 | 10,850,000 |
| Warrant liability | 300,199 | 474,000 |
| Total Liabilities | 17,709,065 | 12,556,776 |
| Commitments and Contingencies (Note 6) | ||
| Class A Ordinary Shares subject to possible redemption, 4,493,843 and 31,000,000 shares at redemption value at approximately $11.09 and $10.15 per share as of December 31, 2023 and 2022, respectively | 49,857,596 | 314,517,268 |
| Shareholders’ Deficit: | ||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and 2022 | — | — |
| Class A Ordinary Shares, $0.0001 par value; 200,000,000 shares authorized; no shares issued and outstanding (excluding 4,493,843 and 31,000,000 shares subject to possible redemption) as of December 31, 2023 and 2022, respectively | — | — |
| Class B Ordinary Shares, $0.0001 par value; 20,000,000 shares authorized; 7,750,000 shares issued and outstanding as of December 31, 2023 and 2022 | 775 | 775 |
| Additional paid-in capital | — | — |
| Accumulated deficit | (17,672,888) | (12,486,354) |
| Total Shareholders’ Deficit | (17,672,113) | (12,485,579) |
| Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit | $49,894,548 | $314,588,465 |
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