Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 107

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 107
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 TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 

    Current liabilities: 

    Accounts payable 
    $165,912  
    $476,567 
  
    Accrued expenses 
     501,314  
     167,798 
  
    Polar Capital Investment payable – related party 
     227,273  
     90,909 
  
    Non-redemption liability 
     4,028,008  
     - 
  
    Working Capital Loans 
     1,240,000  
     125,000 
  
    Total current liabilities 
     6,162,507  
     860,274 
  
    Derivative warrant liabilities 
     119,123  
     588,464 
  
    Total liabilities 
     6,281,630  
     1,448,738 

    Commitments and Contingencies (Note 6) 
     -  
     - 

    Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 2,481,485 and 5,194,628 shares at $11.14 and 10.65 per share at December 31, 2024 and 2023, respectively 
     27,637,300  
     55,347,556 

    Shareholders’ deficit 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at December 31, 2024 and 2023 
     -  
     - 
  
    Class A Ordinary Shares, $0.0001 par value; 200,000,000 shares authorized; 3,200,000 and 600,000 shares issued and outstanding, respectively (excluding 2,481,485 and 5,194,628 shares subject to possible redemption at December 31, 2024 and 2023, respectively) 
     320  
     60 
  
    Class B Ordinary Shares, $0.0001 par value; 20,000,000 shares authorized; 2,110,122 and 4,710,122 shares issued and outstanding at December 31, 2024 and 2023, respectively 
     211  
     471 
  
    Common stock, value 
     211  
     471