Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 111

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 111
---
     - 
     
     (3,545,486) 
     (3,545,486)

    Balance - December 31, 2024 
     3,200,000  
    $320  
     2,110,122  
    $211  
    $- 
     
    $(6,229,543) 
    $(6,229,012)
  
    Balance 
     3,200,000  
    $320  
     2,110,122  
    $211  
    $- 
     
    $(6,229,543) 
    $(6,229,012)

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

F-5

COMPASS
DIGITAL ACQUISITION CORP.

STATEMENTS
OF CASH FLOWS

    Year ended  
    Year ended 

    December 31, 2024  
    December 31, 2023 

    Cash flows from operating activities 

    Net (loss) income 
    $(3,545,486) 
    $4,386,322 
  
    Adjustments to reconcile net (loss) income to net cash used 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