Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 437

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 437
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 applicable to our principal executive officer, principal financial officer, principal
accounting officer or controller or persons performing similar functions requiring disclosure under applicable SEC or the Nasdaq
Rules, we will disclose the nature of such amendment or waiver in a Current Report on Form 8-K and on our website. The information
included on or accessible through our website is not incorporated by reference this Report or in any other report or document we
file with the SEC, and any references to our website are intended to be inactive textual references only.

The foregoing description of the
Code of Ethics does not purport to be complete and is qualified in its entirety by the terms and conditions of the Code of Ethics, a copy
of which is attached hereto as Exhibit 14 and is incorporated herein by reference.

Trading
Policies

On
October 14, 2021, we adopted insider trading policies and procedures governing the purchase, sale, and/or other dispositions of our securities
by directors, officers and employees, which are reasonably designed to promote compliance with insider trading laws, rules and regulations,
and applicable stock exchange listing standards (the “Insider Trading Policy”).

The
foregoing description of the Insider Trading Policy does not purport to be complete and is qualified in its entirety by the terms and
conditions of the Insider Trading Policy, a copy of which is attached hereto as Exhibit 19 and is incorporated herein by reference.

Compensation
Recovery and Clawback Policy

Under
the Sarbanes-Oxley Act, in the event of misconduct that results in a financial restatement that would have reduced a previously paid
incentive amount, we can recoup those improper payments from our executive officers. The SEC has also adopted Rule 10D-1 under the Exchange Act (the “SEC Clawback Rule”) that direct national
stock exchanges to require listed companies to implement policies intended to recoup bonuses paid to executives if the company is found
to have misstated its financial results.

On
December 7, 2023, our Board of Directors approved the adoption of the Policy on Recoupment of Incentive Compensation (the “Clawback
Policy”), with an effective date of October 2, 2023, in order to comply with the SEC Clawback Rule and the Nasdaq Rules, as set forth in the Nasdaq Listing Rule 5608 (the
“Nasdaq Clawback Rules”).

The
Clawback Policy provides for the mandatory recovery of erroneously awarded incentive-based