Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 474

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 474
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On
September 5, 2024, the Company entered into a Business Combination Agreement (as amended, restated or otherwise modified from time to
time, the “Business Combination Agreement”) with (i) the Sponsor, in the capacity as the representative from and after the
closing of the transactions contemplated by the Business Combination Agreement (the “Closing”) for the shareholders of the
Company, (ii) upon execution of a joinder thereto, a to-be-formed Cayman Islands exempted company to be named “EEW Renewables Corp”
(“Pubco”), (iii) upon execution of a joinder thereto, a to-be-formed Cayman Islands exempted company and wholly-owned subsidiary
of Pubco to be named “EEW Merger Sub” (“Merger Sub”), (iv) EEW Renewables Ltd, a company formed under the laws
of England and Wales (“EEW”), (v) the shareholders of EEW named therein that executed and delivered the Business Combination
Agreement on the signing date (together with any transferees of ordinary shares of EEW prior to the Closing that either sign a joinder
agreement to become a party thereto, or that become bound thereby pursuant to the drag-along rights to be set forth in EEW’s amended
organizational documents (collectively the “Sellers”), and (vi) E.E.W. Global Holding Limited, in the capacity as the representative
for the Sellers in accordance with the terms and conditions of the Business Combination Agreement.

Pursuant
to the Business Combination Agreement, subject to the terms and conditions set forth therein, at the Closing, (a) Merger Sub will merge
with and into the Company, with the Company continuing as the surviving entity (the “Merger”), as a result of which, (i)
the Company shall become a wholly-owned subsidiary of Pubco, and (ii) each issued and outstanding security of the Company immediately
prior to the Effective Time (as defined in the 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, and (b) Pubco
shall acquire all of the issued and outstanding ordinary shares of EEW from the Sellers in exchange for Pubco ordinary shares (the “Share
Exchange”), all upon the terms and subject to the conditions set forth in the Business Combination Agreement and in accordance
with the applicable provisions of the Companies Act (Re