Constellation Acquisition Corp I
For the period ended Dec 31, 2024. Filed Apr 2, 2025.
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FY2024 · Filed Apr 2, 2025
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Balance Sheets as of December 31, 2024 and 2023
BALANCE SHEETS
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets: | ||
| Current Assets: | ||
| Cash | $5,303 | $3,541 |
| Prepaid expenses | 56,263 | 33,411 |
| Total current assets | 61,566 | 36,952 |
| Cash held in Trust Account | 28,123,011 | 49,857,596 |
| Total Assets | $28,184,577 | $49,894,548 |
| Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $3,802,862 | $3,080,658 |
| Due to related party | 240,000 | 120,000 |
| Promissory notes – related party | 1,592,208 | 227,208 |
| Convertible promissory note - related party | 3,181,000 | 3,131,000 |
| Total current liabilities | 8,816,070 | 6,558,866 |
| Deferred underwriting fee | 10,850,000 | 10,850,000 |
| Warrant liabilities | 252,800 | 300,199 |
| Total Liabilities | 19,918,870 | 17,709,065 |
| Commitments and Contingencies (Note 6) | ||
| Class A ordinary shares subject to possible redemption, 2,367,684 and 4,493,843 shares at redemption value at approximately $11.88 and $11.09 per share as of and December 31, 2024 and 2023, respectively | 28,123,011 | 49,857,596 |
| Shareholders’ Deficit: | ||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of December 31, 2024 and 2023 | — | — |
| Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 7,600,000 and no shares issued and outstanding (excluding 2,367,684 and 4,493,843 shares subject to possible redemption) as of December 31, 2024 and 2023, respectively | 760 | — |
| Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 150,000 and 7,750,000 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 15 | 775 |
| Additional paid-in capital | — | — |
| Accumulated deficit | (19,858,079) | (17,672,888) |
| Total Shareholders’ Deficit | (19,857,304) | (17,672,113) |
| Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit | $28,184,577 | $49,894,548 |
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