Company: CDAQF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001641172-25-000430
Chunk: 18

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 18
---
 October 14, 2021 (as amended, the “ Trust Agreement”), by and between us and Continental Stock Transfer & Trust Company (“ Continental”), will (i) remove from the Trust Account an amount (the “ Withdrawal Amount”), equal to the number of Public Shares properly redeemed multiplied by the per-share price, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding Public Shares, and (ii) deliver to the holders of such redeemed Public Shares their portion of the Withdrawal Amount in the Third Extension Redemptions. The remainder of such funds shall remain in the Trust Account and will be available for our use to complete a Business Combination on or before the Third Extended Date. Public Shareholders who do not redeem their Public Shares in the Third Extension Redemptions will retain their redemption rights and their ability to vote on a Business Combination through the Third Extended Date, if the Charter Amendment Proposals are approved.

Our Board has fixed the close of business on March 19, 2025 (the “ Record Date”) as the date for determining the shareholders entitled to receive notice of and vote at the Meeting and any adjournment thereof. Only holders of record of the Ordinary Shares on that date are entitled to have their votes counted at the Meeting or any adjournment thereof. On the Record Date, there were 5,681,485 Class A Ordinary Shares and 2,110,122 Class B Ordinary Shares issued and outstanding. Our Warrants do not have voting rights in connection with the Proposals.

A shareholder who is entitled to attend and vote at the Meeting is entitled to appoint one or more proxies to attend and vote instead of that shareholder, and such proxyholder need not be our shareholder.

Shareholders will have the opportunity to present questions to our management (the “ Management”), including regarding our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on March 25, 2025 (the “ 2024 Annual Report”), at the Meeting.

This proxy statement (the “ Proxy Statement”) contains important information about the Meeting and the Proposals. Whether or not you plan to attend the Meeting, we urge you to read this material carefully and vote your shares.

We will pay for the entire cost of soliciting proxies from our working capital. We have engaged Advantage Proxy, Inc (the “ Solicitation Agent”) to assist in the solicitation of proxies for