Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 620

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 2
Chunk 620
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 the CODM reviews several key
metrics included in net income or loss and total assets, which include the following:

 SCHEDULE
OF SEGMENT ASSETS

    December 31, 2024  
    December 31, 2023 
  
    Cash 
    $27,720  
    $44,046 
  
    Cash held in Trust Account 
    $27,637,300  
    $55,347,556 

    For the Year Ended December 31, 2024  
    For the Year Ended December 31, 2023 
  
    Operating expenses 
    $1,794,928  
    $1,926,567 
  
    Interest earned on marketable securities held in Trust Account 
    $1,928,109  
    $8,914,159 

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to complete a business combination or similar transaction within the business combination period. The CODM also reviews general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative costs, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a
regular basis.

All
other segment items included in net income or loss are reported on the statement of operations and described within their respective
disclosures.

NOTE
12 - SUBSEQUENT EVENTS

The
Company evaluated events that have occurred after the balance sheet date up through the date the accompanying financial statements were
issued. Based upon the review, Management did not identify any other subsequent events, that would have required adjustment or disclosure
in the accompanying financial statements, except as follows:

Through
the date of this filing, the Company has drawn an additional $266,019
on the 2024 Promissory Note. The total aggregate
outstanding balance on the 2024 Promissory Note $1,381,019.

On
March 5, 2025, Nasdaq filed a Form 25-NSE to delist the Company’s securities from Nasdaq.

On
March 13, 2025, the Company filed a preliminary proxy statement in connection with an upcoming extraordinary