Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 399

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 399
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holder Matters, and Issuer Purchases of Equity Securities.

    (a)
    Market
    Information

Our
Units, Public Shares and Public Warrants were each traded on the Global Market tier of
Nasdaq under the symbols “CDAQU,” “CDAQ” and
“CDAQW”, respectively. Our Units commenced public trading on October 15,
2021, and our Public Shares and Public Warrants commenced separate public trading on December
6, 2021.

On
October 15, 2024 we received a letter from the Listing Qualifications Department of Nasdaq, which stated that the staff of Nasdaq (the
“Nasdaq Staff”) had determined that (i) our securities would be delisted from Nasdaq, (ii) trading of our Class A Ordinary
Shares, Public Warrants, and Units would be suspended at the opening of business on October 22, 2024 and (iii) a Form 25-NSE would be
filed with the SEC, which would remove our securities from listing and registration on Nasdaq. Under the Nasdaq 36 Month Requirement,
a SPAC must complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration
statement. Since we failed to complete a Business Combination by October 14, 2024, the Nasdaq Staff concluded that we did not comply
with the Nasdaq 36 Month Requirement and our securities were subject to delisting. On October 22, 2024, the listing of our securities
on Nasdaq was suspended and on March 5, 2025, Nasdaq filed the Form 25-NSE to delist our securities from Nasdaq.

Following
the suspension of trading on Nasdaq, our Class A Ordinary Shares, Public Warrants, and Units are quoted on the OTC Pink Market under
the symbols “CDAQF,” “CDAWF” and “CDAUF,” respectively.

We
remain a reporting entity under the Exchange Act with respect to continued disclosure of financial and operational information.

    (b)
    Holders

On
March 24, 2025, there was one holder of record of our Units, three holders of record of our Class A Ordinary Shares and three holders
of record of our Warrants.

    (c)
    Dividends

We
have not paid any cash dividends on our Ordinary Shares to date and do not intend to pay cash dividends prior to the completion of our
initial Business