Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 939

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 5
Chunk 939
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 2023 
  
    Redeemable Class A Ordinary Shares 

    Numerator: Net (loss) income allocable to Redeemable Class A Ordinary Shares 
    $(1,514,771) 
    $3,386,561 

    Denominator: Weighted Average Share Outstanding, Redeemable Class A Ordinary Shares 

    Basic and diluted weighted average shares outstanding, Redeemable Class A Ordinary Shares 
     3,960,705  
     17,987,355 
  
    Basic and diluted net (loss) income per share, Redeemable Class A Ordinary Shares 
    $(0.38) 
    $0.19 

    Non-Redeemable Class A Ordinary Shares 

    Numerator: Net (loss) income allocable to non-redeemable Class A Ordinary Shares 

    Net income allocable to non-redeemable Class A Ordinary Shares 
    $(665,332) 
    $22,902 

    Denominator: Weighted Average Non-Redeemable Class A Ordinary Shares 
     1,739,726  
     121,644 
  
    Basic and diluted net (loss) income per share, non-redeemable Class A Ordinary Shares 
    $(0.38) 
    $0.19 

    Non-Redeemable Class B Ordinary Shares 

    Numerator: Net (loss) income allocable to non-redeemable Class B Ordinary Shares 

    Net (loss) income allocable to non-redeemable Class B Ordinary Shares 
    $(1,365,443) 
    $976,858 

    Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares 
     3,570,396  
     5,188,478 
  
    Basic and diluted net (loss) income per share, non-redeemable Class B Ordinary Shares 
    $(0.38) 
    $0.19 

Warrant
Liability

The
Company accounts for its Warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s
specific terms and applicable authoritative guidance in ASC 480 and FASB ASC Topic 815, “Derivatives and Hedging” (“ASC
815”). The assessment considers whether the Warrants are freestanding financial instruments pursuant to ASC 480, meet the definition
of a liability pursuant