Company: CDAQF
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010268
Chunk: 45

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 adjustment for short-term marketability restrictions. As such, the Private Placement Warrants were
classified as Level 2 as it references the price of Public Warrants.

The
following table presents the changes in the fair value of warrant liabilities:

 SCHEDULE
OF CHANGES IN FAIR VALUE OF WARRANT LIABILITIES

    Private Placement  
    Public  
    Warrant Liabilities 

    Fair value as of December 31, 2024 
    $48,321  
    $70,802  
    $119,123 
  
    Change in fair value (1) 
     50,253  
     73,633  
     123,886 
  
    Fair value as of March 31, 2025 
    $98,574  
    $144,435  
    $243,009 

    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 

    (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

MARCH
31, 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 assets, operating results, and financial metrics
for the Company