Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 1200

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7A
Chunk 1200
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 annual proxy statement; and 

    ●
    reviewing,
    evaluating and recommending changes, if appropriate, to the remuneration for directors. 

44

Notwithstanding
the foregoing, as indicated above, other than (i) the payment to our Sponsor of up to $10,000 per month pursuant to the Administrative
Services Agreement for office space, utilities, salaries or other cash compensation paid to consultants to our Sponsor, secretarial and
administrative support, other expenses, (ii) obligations of our Sponsor and reimbursement of expenses and (iii) the payment of an aggregate
of $20,500 and $22,00 to our Chief Financial Officer, for services provided to us in 2024 and 2023, respectively, no compensation of
any kind, including finders, consulting or other similar fees, is paid to any of our existing shareholders, officers, directors or any
of their respective affiliates, prior to, or for any services they render in order to effectuate the closing of an initial Business Combination.
Accordingly, it is likely that prior to the closing of an initial Business Combination, the Compensation Committee will only be responsible
for the review and recommendation of any compensation arrangements entered into in connection with such initial Business Combination.

The
charter of the Compensation Committee also provides that the Compensation Committee may, in its sole discretion, retain or obtain the
advice of a compensation consultant, independent legal counsel or other adviser and will be directly responsible for the appointment,
compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant,
external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including
the factors required by the Nasdaq Rules and the SEC.

Nominating
and Corporate Governance Committee

The
members of our Nominating Committee are Kirk Hovde and M. Joseph Beck, and Kirk Hovde serves as chair of the Nominating Committee.

We
have adopted a charter of the Nominating Committee, which details the purpose and responsibilities of the Nominating Committee, including:

    ●
    identifying,
    screening and reviewing individuals qualified to serve as directors, consistent with criteria approved by the Board, and recommending
    to the Board of Directors candidates for nomination for appointment at the annual general meeting or to fill vacancies on the Board
    of Directors; 

    ●
    developing
    and recommending to the Board of Directors and overseeing implementation of our corporate governance guidelines;