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

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-13
Form: PRE 14A
Chunk 14
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 defined below) (the “ Trust Account”), including interest earned and not previously released to us to pay our tax obligations, if any, divided by the number of then outstanding Public Shares (the “ Third Extension Redemptions”), regardless of whether or how such Public Shareholders vote in regard to the Charter Amendment Proposals. If the Charter Amendment Proposals are approved by the requisite vote of shareholders, the Public Shareholders remaining after the Third Extension Redemptions will retain their right to redeem their Public Shares for their pro rata portion of the funds available in the Trust Account upon consummation of the Business Combination, subject to any limitations set forth in the Amended and Restated Charter, as amended by the Charter Amendments. In addition, Public Shareholders who do not make the Election would be entitled to have their Public Shares redeemed for cash if we have not completed the Business Combination by the Third Extended Date.

Our original sponsor Compass Digital SPAC LLC, a Delaware limited liability company (the “ Prior Sponsor”) and our current sponsor HCG Opportunity, LLC , a Delaware limited liability company (the “ Sponsor” and together with the Prior Sponsor, the “ Sponsors”)currently hold (i) 2,110,122 of our Class B ordinary shares, par value $0.0001 per share (the “ Class B Ordinary Shares”, and together with our Class A Ordinary Shares, the “ Ordinary Shares), (ii) 3,200,000Class A Ordinary Shares (and together with the Class B Ordinary Shares held by the Sponsors, the “ Founder Shares”), and (iii) 4,832,065 warrants (the “ Private Placement Warrants”), which were initially purchased by the Prior Sponsor in a private placement that occurred simultaneously with the completion of the IPO (the “ Private Placement”). As of the Record Date, there were 5,681,485Class A Ordinary Shares and 2,110,122 Class B Ordinary Shares issued and outstanding and the Prior Sponsor and Sponsor hold approximately 28.45% and 39.70%, respectively, of the total issued and outstanding Ordinary Shares.

To make the Election, you must demand that we redeem your Public Shares for a pro rata portion of the funds held in the Trust Account and tender your Public Shares to our transfer agent at least two business days prior to the Meeting (or ). You may tender your Public Shares by either delivering your share certificate to the transfer agent or by delivering your shares electronically using the Depository Trust Company’s (“DTC”) Deposit/Withdrawal At Cust