Company: CDAQF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001641172-25-000430
Chunk: 12

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 12
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 up to four (4) times until April 19, 2025, or such earlier date as determined by the Board( the “ Second Extended Date”).

The purpose of the Third Extension Amendment Proposal and, if necessary, the Adjournment Proposal, is to allow us additional time to a to complete the proposed transactions (the “ EEW Business Combination”) pursuant to that certain Business Combination Agreement (“ EEW Business Combination Agreement”), dated as of September 5, 2024, that we entered into with (i) the Sponsor (as defined below), in the capacity as the representative from and after the closing of the transactions contemplated by the EEW Business Combination Agreement (the “ Closing”) for our shareholders (other than the Sellers (as defined below) and their successors and assignees), in accordance with the terms and conditions of the EEW Business Combination Agreement (the “ Purchaser Representative”), (ii) EEW Renewables Corp, a Cayman Islands exempted company (“ Pubco”), (iii) EEW Merger Sub, a Cayman Islands exempted company and wholly-owned subsidiary of Pubco (“ Merger Sub”), (iv) EEW Renewables Ltd, a company formed under the laws of England and Wales (“ EEW”), (v) the shareholders of EEW that executed and delivered the EEW Business Combination Agreement on the signing date (together with any transferees of EEW’s ordinary shares prior to the Closing that either sign a joinder agreement to become a party thereto, or that become bound thereby pursuant to the drag-along rights to be set forth in EEW’s amended organizational documents (collectively, the “ Sellers”), and (vi) E.E.W. Global Holding Limited, in the capacity as the representative for the Sellers in accordance with the terms and conditions of the EEW Business Combination Agreement (the “ Seller Representative”). For more information on the EEW Business Combination, see our Current Report on Form 8-K filed with the SEC on September 11, 2024 (the “ EEW Business Combination Form 8-K”).

While we currently have until the Second Extended Date to consummate a Business Combination (the “ Combination Period”), and we are using our best efforts to complete the EEW Business Combination as soon as practicable, the Board believes that there will likely not be sufficient time before April 19, 2025 to complete the EEW Business Combination. Accordingly, the Board believes that in order to be able to consummate the EEW Business Combination, we will