Company: CDAQF
Filing Date: 2025-03-13
Form Type: PRE 14A
Source: 0001493152-25-010116
Chunk: 56

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-13
Form: PRE 14A
Chunk 56
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36 months of the effectiveness of its initial public offering registration statement. Since we failed to complete a Business Combination by October 14, 2024, the Nasdaq Staff concluded that we did not comply with such requirement and our securities were subject to delisting. On October 22, 2024, the listing of our securities on Nasdaq was suspended and on March 5, 2025, Nasdaq filed the Form 25-NSE to delist our securities from Nasdaq.

Following the suspension of trading on Nasdaq, our Class A Ordinary Shares, Public Warrants, and Units are quoted on the OTC Pink Market under the symbols “CDAQF,” “CDAWF” and “CDAUF,” respectively.

We remain a reporting entity under the Exchange Act with respect to continued disclosure of financial and operational information.

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EEW Business Combination

On September 5, 2024, we entered into the EEW Business Combination Agreement with the Purchaser Representative, EEW, the Sellers, the Seller Representative and, upon execution of joinders thereto, Pubco and Merger Sub.

Pursuant to the EEW Business Combination Agreement, subject to the terms and conditions set forth therein, at the Closing, (i) Merger Sub will merge with and into our Company, with our Company continuing as the surviving entity, and as a result of the Merger, (x) we shall become a wholly-owned subsidiary of Pubco, and (y) each issued and outstanding security of our Company immediately prior to the Effective Time (as defined in the EEW Business Combination Agreement) shall no longer be outstanding and shall automatically be cancelled, in exchange for the right of the holder thereof to receive a substantially equivalent security of Pubco, (ii) Pubco shall acquire all of the Ordinary Shares of EEW from the Sellers in exchange for newly issued ordinary shares of Pubco, par value $0.0001 per share, all upon the terms and subject to the conditions set forth in the EEW Business Combination Agreement and in accordance with the applicable laws of the Cayman Islands, England and Wales, and any outstanding convertible securities of EEW will be terminated and (iii) as a result of the EEW Business Combination, our Company and EEW each will become a wholly-owned subsidiary of Pubco, and Pubco will become a publicly traded company upon the Closing.

For more information about the EEW Business Combination, see the EEW Business Combination Form 8-K.

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