Company: CDAQF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001641172-25-000430
Chunk: 21

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 21
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 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, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, 
 or otherwise in connection with, the approval of any of the foregoing Proposals.                                                   |

For the avoidance of doubt, if put forth at the Meeting, the Adjournment Proposal will be the first and only proposal voted on and the Third Extension Amendment Proposal, the Redemption Limitation Amendment Proposal and the Auditor Ratification Proposal will not be submitted to the shareholders for a vote at such time.

Why are we proposing the Third Extension Amendment Proposal?

The 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 Second Extended Date, the current end of the Combination Period. As explained below, we believe we will not be able to complete a Business Combination by that date and therefore, we are asking for an extension of this timeframe.

Our seeking to complete the EEW Business Combination will involve, among other things:

| ● | preparing                                                                                                                      
 and completing proxy materials;                                                                                                |
| ● | establishing                                                                                                                   
 a meeting date and record date for considering the Business Combination, and distributing proxy materials to shareholders; and |
| ● | holding