Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 1

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 shares authorized; none issued and outstanding at June 30, 2025 and December 31, 2024 
     -  
     - 
  
    Class A Ordinary Shares, $0.0001 par value; 200,000,000 shares authorized; 3,200,000 shares issued and outstanding (excluding the 110,866 and 2,481,485 shares subject to possible redemption) at June 30, 2025 and December 31, 2024, respectively 
     320  
     320 
  
    Class B Ordinary Shares, $0.0001 par value; 20,000,000 shares authorized, 2,110,122 issued and outstanding at June 30, 2025 and December 31, 2024 
     211  
     211 
  
    Common stock, value 
     211  
     211 

    Accumulated deficit 
     (7,450,507) 
     (6,229,543)
  
    Total shareholders’ deficit 
     (7,449,976) 
     (6,229,012)
  
    Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 
    $1,391,654  
    $27,689,918 

The
accompanying notes are an integral part of these unaudited condensed financial statements.

1

COMPASS
DIGITAL ACQUISITION CORP.

UNAUDITED
CONDENSED STATEMENTS OF OPERATIONS

    For The Three 
Months Ended June 30, 2025  
    For The Three 
Months Ended June 30, 2024  
    For The Six 
Months Ended June 30, 2025  
    For The Six 
Months Ended June 30, 2024 

    General and administrative expense 
    $97,120  
    $516,106  
    $557,462  
    $723,802 
  
    Administrative expenses - related party 
     30,000  
     30,000  
     60,000  
     60,000 
  
    Loss from operations 
     (127,120) 
     (546,106) 
     (617,462) 
     (783,802)
  
    Change in fair value of non-redemption liability 
     (15