Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 439

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 439
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with identifying and consummating an initial Business Combination. Other than these payments and reimbursements, no compensation of any
kind, including finder’s and consulting fees, has been or will be paid by us to our Sponsors, Prior Directors and Officers, officers
and directors, or any of their respective affiliates, prior to completion of our initial Business Combination.

After
the completion of our initial Business Combination, directors or members of our Management Team who remain with us may be paid consulting
or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in
the proxy solicitation materials or tender offer materials furnished to our shareholders in connection with a proposed initial Business
Combination, such as the EEW Registration Statement. We have not established any limit on the amount of such fees that may be paid by
the combined company to our directors or members of Management. It is unlikely the amount of such compensation will be known at the time
of the proposed initial Business Combination because the directors of the post-combination business will be responsible for determining
officer and director compensation. Any compensation to be paid to our officers will be determined, or recommended to the Board of Directors
for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent
directors on our Board of Directors.

We
do not intend to take any action to ensure that members of our Management Team maintain their positions with us after the closing of
our initial Business Combination, although it is possible that some or all of our officers and directors may negotiate employment or
consulting arrangements to remain with us after our initial Business Combination. The existence or terms of any such employment or consulting
arrangements to retain their positions with us may influence our Management’s motivation in identifying or selecting a target business,
but we do not believe that the ability of our Management to remain with us after the closing of our initial Business Combination will
be a determining factor in our decision to proceed with any potential Business Combination. We are not party to any agreements with our
officers and directors that provide for benefits upon termination of employment.

    Item
    12.
    Security
    Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The
following table sets forth information regarding the beneficial ownership of our Ordinary Shares as of March 24, 2025 based on
information obtained from the persons named below, with respect to the beneficial ownership of Ordinary Shares, by: