Company: CDAQF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021994
Chunk: 0

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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COMPASS
DIGITAL ACQUISITION CORP.

CONDENSED
BALANCE SHEETS

    September 30, 2025  (unaudited)  
    December 31, 2024 

    ASSETS 

    Current assets 

    Cash 
    $721  
    $27,720 
  
    Prepaid expenses 
     17,668  
     24,898 
  
    Due from sponsor 
     114,586  
     - 
  
    Total current assets 
     132,975  
     52,618 
  
    Cash held in Trust Account 
     1,283,558  
     27,637,300 
  
    Total assets 
    $1,416,533  
    $27,689,918 

    LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 

    Current liabilities 

    Accounts payable 
    $340,804  
    $165,912 
  
    Accrued expenses 
     695,916  
     501,314 
  
    Polar Capital Investment payable – related party 
     227,273  
     227,273 
  
    Non-redemption liability 
     6,025,173  
     4,028,008 
  
    Working Capital Loans 
     1,760,872  
     1,240,000 
  
    Total current liabilities 
     9,050,038  
     6,162,507 
  
    Derivative warrant liabilities 
     595,611  
     119,123 
  
    Total liabilities 
     9,645,649  
     6,281,630 

    Commitments and Contingencies (Note 6) 
     -  
     - 

    Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 110,866 and 2,481,485 shares at $11.58 and $11.14 per share redemption value at September 30, 2025 and December 31, 2024, respectively 
     1,283,558  
     27,637,300 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 1,000,000 shares