Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 231

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 231
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 Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 
    $27,689,918  
    $55,427,237 

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

F-3

COMPASS
DIGITAL ACQUISITION CORP.

STATEMENTS
OF OPERATIONS

    Year Ended December 31, 2024  
    Year Ended December 31, 2023 

    Operating expenses 
    $1,794,928  
    $1,926,567 
  
    Administrative expenses – related party 
     120,000  
     120,000 
  
    Non-redemption expense 
     4,028,008  
     3,444,008 
  
    Loss from operations 
     (5,942,936) 
     (5,490,575)
  
    Interest earned on cash (investments) held in Trust Account 
    $1,928,109  
    $8,914,159 
  
    Change in fair value of derivative warrant liabilities 
     469,341  
     364,515 
  
    Gain on settlement of deferred underwriting fees attributable to Public Warrants 
     -  
     246,814 
  
    Gain on settlement of professional legal fees 
     -  
     351,409 
  
    Net (loss) income 
    $(3,545,486) 
    $4,386,322 

    Weighted average shares outstanding of Class A Ordinary Shares subject to possible redemption, basic and diluted 
     3,960,705  
     17,987,355 

    Basic and diluted net (loss) income per share- Class A Ordinary Shares subject to possible redemption 
    $(0.38) 
    $0.19 

    Weighted average shares outstanding of non-redeemable Class A Ordinary Shares Ordinary Shares, basic and diluted 
     1,739,726  
     121,644 

    Basic and diluted net (loss) income per share- non-redeemable Class A Ordinary Shares Ordinary Shares 
    $(0.38) 
    $0.19 

    Weighted average shares outstanding of non-redeemable Class B Ordinary Shares Ordinary Shares, basic and diluted 
     3,570,396  
     5,188,478