Company: CDAQF
Filing Date: 2025-03-13
Form Type: PRE 14A
Source: 0001493152-25-010116
Chunk: 21

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-13
Form: PRE 14A
Chunk 21
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, each consisting of one Class A Ordinary Share and one-third of one redeemable warrant (each whole warrant, a “ Public Warrant” and together with the Private Placement Warrants, the “ Warrants”), generating an aggregate amount of gross proceeds of $200,000,000 and (ii) Private Placement of 4,666,667Private Placement Warrants, with each Private Placement Warrant exercisable to purchase one Class A Ordinary Share at a price of $11.50 per share, generating gross proceeds of $7,000,000. On November 31, 2021, (i) the Prior Sponsor purchased an additional 165,398 Private Placement Warrants and (ii) the Company consummated the sale of an additional 1,240,488 Units, at $10.00 per Unit,upon the partial exercise of the over-allotment option by the underwriters of the IPO.

Like most blank check companies, our Amended and Restated Charter provide for the return of the IPO proceeds held in the Trust Account to the holders of Public Shares if there is no qualifying Business Combination consummated on or before the end of the Combination Period.

We believe that it is in the best interests of our Company to continue our existence until the Third Extended Date, if necessary, in order to allow us additional time to complete the EEW Business Combination.

The Meeting is being held, in part, to allow us additional time to complete the Business Combination.

Why do we need to hold an annual meeting?

The Meeting is also being held as an annual general meeting to provide you an opportunity to present questions to the Management, including regarding the 2024 Annual Report.

The Proposals

What is being voted on?

You are being asked to vote on four Proposals:

| 2. | Proposal                                                                                                                         
 Two — Redemption Limitation Amendment Proposal —To approve, by way of special resolution, an amendment to our Amended            
 and Restated Charter, as provided in the resolutions set forth in Annex A hereto, to eliminate the limitation that we not        
 redeem Public Shares to the extent that such redemption would result in us having net tangible assets of less than $5,000,001 to 
 allow us to redeem Public Shares irrespective of whether such redemption would exceed the Redemption Limitation;                 |

| 2 |

| 4. | Proposal                                                                                                                           
 Four — Adjournment Proposal — To adjourn, by way of ordinary resolution, the Meeting to a later date or dates or                   
 indefinitely, if necessary