Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 774

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 4
Chunk 774
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indel is qualified to serve as one of our directors due to his experience with public companies and capital markets.

Family Relationships

Other
than the below, no family relationships exist between any of our directors or executive officers:

    ●
    Daniel
    J. Hennessey is the father of Thomas D. Hennessey;

    ●
    Daniel
    J. Hennessey is the uncle of Kirk Hovde; and

    ●
    Thomas
    D. Hennessey and Kirk Hovde are cousins.

Involvement
in Certain Legal Proceedings

There
are no material proceedings to which any director or executive officer, or any associate of any such director or officer is a party adverse
to our Company, or has a material interest adverse to our Company.

42

Number
and Terms of Office of Officers and Directors

Our
Board of Directors consists of six members and is divided into three classes with only one class of directors being appointed in each
year, and with each class (except for those directors appointed prior to our first general meeting) serving a three-year term. In accordance
with Nasdaq corporate governance requirements, we were not required to hold an annual meeting until one year after our first fiscal year
end following our listing on Nasdaq. The First EGM on November 2, 2023 was held in lieu of our first annual general meeting of shareholders.

The
term of office of the first class of directors, consisting of Joeseph Beck and Kirk Hovde, who were re-elected by holders of our Class
B Ordinary Shares in connection with the 2024 EGM, will expire at the fourth annual general meeting. The term of office of the second
class of directors, consisting of Thomas D. Hennessy and Matt Schindel, will expire at the second annual general meeting. The term of
office of the third class of directors, consisting of Daniel J. Hennessy and Anna Brunelle, will expire at the third annual general meeting.

Only
holders of Class B Ordinary Shares have the right to appoint directors in any general meeting held prior to or in connection with the
completion of our initial Business Combination. Holders of our Public Shares are not entitled to vote on the appointment of directors
during such time. These provisions of our Amended and Restated Charter relating to the rights of holders of Class B Ordinary Shares to
appoint directors may be amended by a special resolution passed by a majority of at least 90% of our Ordinary Shares