Company: CDAQF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001641172-25-000430
Chunk: 20

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 20
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 selected information from this Proxy Statement. They do not contain all of the information that may be important to you. You should carefully read the entire Proxy Statement, including Annex Aand the other documents referred to herein, to fully understand the Proposals and the voting procedures for the Meeting.

Why am I receiving this Proxy Statement?

This Proxy Statement and the enclosed proxy card are being sent to you in connection with the solicitation of proxies by the Board for use at the Meeting, which is an extraordinary general meeting in lieu of an annual general meeting of the shareholders, to be held on April 16, 2025, at 12:00 p.m. Eastern Time, or at any adjournments or postponements thereof. This Proxy Statement summarizes the information that you need to make an informed decision on the Proposals to be considered at the Meeting.

This Proxy Statement and the enclosed proxy card were first sent to our shareholders on or about March 27, 2025.

We are a blank check company incorporated as a Cayman Islands exempted company on March 8, 2021 for the purpose of effecting a Business Combination. On October 19, 2021, we simultaneously consummated our (i) IPO of 20,000,000 Units, 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