Constellation Acquisition posted a net loss of about USD 2.13 million for the quarter ended June 30, 2026, versus USD 221,000 a year earlier.
Operating loss widened to about USD 1.13 million from USD 265,000, while interest earned on the Trust Account slipped to about USD 5,000 from USD 7,000.
Loss from warrant-liability fair-value changes deepened to about USD 2.13 million from a gain of about USD 37,000.
For the six months ended June 30, net loss widened to about USD 3.94 million from USD 668,000, with operating loss at about USD 3.1 million.
Business combination expected in second half of 2026
The company expects the HiTech Minerals business combination to close in the second half of 2026, subject to shareholder approvals and customary conditions.
