Company: CDAQF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001641172-25-000430
Chunk: 17

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 17
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 majority of the votes cast by the holders of the Ordinary Shares present in person (including shareholders who vote online) or represented by proxy at the Meeting, or any adjournment thereof, and entitled to vote on such matter.

If we liquidate, our Sponsors have agreed that they will be liable to us if and to the extent any claims by a third party for services rendered or products sold to us, or a prospective target business with which we have entered into a written letter of intent, confidentiality or other similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the Trust Account assets, less taxes payable; provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under our indemnity of the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “ Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsors will not be responsible to the extent of any liability for such third-party claims. We cannot assure you, however, that the Sponsors would be able to satisfy those obligations. As of March 21, 2025, based on funds in the Trust Account of approximately $27.85 million as of such date, the pro rata portion of the funds available in the Trust Account for the redemption of Public Shares was approximately $11.22 per Public Share (before taking into account the removal of the accrued interest in the Trust Account to pay our taxes, if any). Nevertheless, we cannot assure you that the per-share distribution from the Trust Account, if we liquidate, will not be less than approximately $11.22 (before taking into account the removal of the accrued interest in the Trust Account to pay our taxes, if any, and up to $50,000 of interest to pay dissolution expenses), due to unforeseen claims of creditors.

If the Charter Amendment Proposals are approved, we, pursuant to the terms of the Investment Management Trust Agreement, dated