Company: CDAQF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021994
Chunk: 120

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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    Change in fair value (1) 
     —  
     —  
     — 
  
    Fair value as of September 30, 2025 
    $241,603  
    $354,008  
    $595,611 

    Private Placement  
    Public  
    Warrant Liabilities 

    Fair value as of December 31, 2023 
    $238,704  
    $349,760  
    $588,464 
  
    Change in fair value (1) 
     205,846  
     301,615  
     507,461 
  
    Fair value as of March 31, 2024 
    $444,550  
    $651,375  
    $1,095,925 
  
    Change in fair value (1) 
     (155,109) 
     (227,273) 
     (382,382)
  
    Fair value as of June 30, 2024 
    $289,441  
    $424,102  
    $713,543 
  
    Change in fair value (1) 
     5,315  
     7,788  
     13,103 
  
    Fair value as of September 30, 2024 
    $294,756  
    $431,890  
    $726,646 

    (1)
    Changes
    in fair value are recognized in change in fair value of derivative warrant liabilities in the accompanying unaudited condensed statements
    of operations.

    19

COMPASS
DIGITAL ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

NOTE
11 - SEGMENT INFORMATION

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding
how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Executive Officer, who reviews the