As of September 30, 2024, Constellation Acquisition Corp I reported significant changes in its financial performance compared to the previous fiscal period. The company had total current assets of $135.2 million, a substantial increase from $37.0 million as of December 31, 2023. However, total assets decreased to $27.8 million from $49.9 million, primarily due to a reduction in cash held in the Trust Account, which fell to $27.7 million from $49.9 million.

The company reported a net loss of $494.2 thousand for the three months ended September 30, 2024, an improvement from a net loss of $959.6 thousand in the same period of 2023. For the nine months ended September 30, 2024, the company recorded a net loss of $251.5 thousand, contrasting with a net income of $133.8 thousand for the same period in 2023. This shift was attributed to a decrease in total other income, which dropped to $1.0 million from $2.5 million year-over-year.

General and administrative costs significantly decreased, totaling $245.0 thousand for the three months ended September 30, 2024, down from $731.3 thousand in the prior year. For the nine-month period, these costs were $1.3 million, compared to $2.4 million in 2023. This reduction reflects the company's efforts to streamline operations amid ongoing challenges.

The company’s accumulated deficit increased to $(19.4) million as of September 30, 2024, from $(17.7) million at the end of 2023. Total liabilities rose to $19.6 million from $17.7 million, with current liabilities increasing to $8.4 million from $6.6 million.

In terms of strategic developments, the company has been actively managing its capital structure. As of September 30, 2024, it had 9.97 million Class A ordinary shares issued and outstanding, following the conversion of 7.6 million Class B shares into Class A shares on January 30, 2024. The company also extended its deadline for completing a Business Combination to November 29, 2024, with provisions for additional monthly extensions.

The company has faced liquidity challenges, with a working capital deficit of $5.1 million as of September 30, 2024. Management has relied on loans from the Sponsor to meet operational needs, with outstanding borrowings totaling approximately $4.5 million. The company is classified as an "emerging growth company" under the JOBS Act, allowing it to benefit from certain reporting exemptions.

Overall, Constellation Acquisition Corp I continues to navigate a complex financial landscape while preparing for its next strategic steps.