Company: CDAQF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001641172-25-000430
Chunk: 5

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 5
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 limitation, receipt of shareholder approval of the EEW Business Combination), the Company intends to complete the EEW Business Combination as soon as possible, and in any event, on or before the Third Extended Date. However, there is no assurance that the Company will be able to consummate the EEW Business Combination, given the actions that must occur prior to closing of the EEW Business Combination.

As contemplated by the Amended and Restated Charter, the holders (the “ Public Shareholders”) of the Class A ordinary shares of the Company, par value $0.0001 per share (the “ Class A Ordinary Shares”) included as part of the units (the “ Units” and the shares included within, the “ Public Shares”) sold in the IPO may elect (the “ Election”) to redeem their Public Shares in connection with the approval of either of the Charter Amendment Proposals at a per share price, payable in cash, equal to the aggregate amount then on deposit in the U.S.-based trust account, established to hold a portion of the proceeds of the IPO and the Private Placement (as defined below) (the “ Trust Account”), including interest earned and not previously released to the Company to pay its 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 the Company has not completed the Business Combination by the Third Extended Date.

The Company’s original sponsor Compass Digital SPAC LLC, a Delaware limited liability company (the “ Prior Sponsor”) and the Company’s current sponsor HCG Opportunity, LLC , a Delaware limited liability company (the “ Sponsor” and together with the Prior Sponsor, the “ Sponsors”)currently hold (i) 2,110,122of the Company’s Class B ordinary shares, par value $0.0001 per share (the “ Class B Ordinary Shares”, and together with the Class A Ordinary Shares, the “ Ordinary Shares), (