Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 920

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 5
Chunk 920
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 in operating activities: 

    Interest earned on cash (investments) held in Trust Account 
     (1,928,109) 
     (8,914,159)
  
    Gain on settlement of professional legal fees 
     -  
     (351,409)
  
    Gain on settlement of deferred underwriting fees attributable to Public Warrants 
     -  
     (246,814)
  
    Change in fair value of derivative Warrant liabilities 
     (469,341) 
     (364,515)
  
    Non-redemption expense 
     4,028,008  
     3,444,008 
  
    Change in operating assets and liabilities 

    Prepaid expenses 
     10,741  
     305,330 
  
    Account payable 
     (310,655) 
     397,465 
  
    Accrued expenses 
     333,516  
     167,798 
  
    Net cash used in operating activities 
     (1,881,326) 
     (1,175,974)

    Cash flows from investing activities 

    Trust Account withdrawal - redemption 
     29,638,365  
     169,088,048 
  
    Net cash provided by investing activities 
     29,638,365  
     169,088,048 

    Cash flows from financing activities 

    Proceeds from Polar Capital Investment payable-related party 
     750,000  
     500,000 
  
    Proceeds of Working Capital Loans 
     1,115,000  
     35,000 
  
    Repayment of Working Capital Loans 
     -  
     (177,500)
  
    Return of excess contribution capital to Legacy Sponsor 
     -  
     (49,093)
  
    Due to related party 
     -  
     (24,821)
  
    Redemption of Class A Ordinary Shares 
     (29,638,365) 
     (169,088,048)
  
    Net cash used in financing activities 
     (27,773,365) 
     (168,804,462)

    Net decrease in cash 
     (16,326) 
     (892,388)
  
    Cash, beginning of period 
     44,046  
     936,434