Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 843

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 4
Chunk 843
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 200,000,000 Class A Ordinary Shares with a par value of $0.0001
per share. Holders of the Class A Ordinary Shares are entitled to one vote for each share. As of December 31, 2024 and 2023, there were
5,681,485 and 5,794,628 Class A Ordinary Shares outstanding, respectively, of which 2,481,485 and 5,194,628, respectively, were subject
to possible redemption and classified outside of permanent equity in the Company’s balance sheets.

The
reconciliation of Class A Ordinary Shares subject to possible redemption is as follows.

 SCHEDULE OF CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION 

    Class A Ordinary Shares subject to possible redemption at December 31, 2022 
    $215,521,445 
  
    Plus: 

    Accretion of Class A Ordinary Shares to redemption value 
     1,726,802 
  
    Waiver of Class A Ordinary Shares issuance costs 
     7,187,357 
  
    Less: 

    Redemption of Class A Ordinary Shares 
     (169,088,048)
  
    Class A Ordinary Shares subject to possible redemption at December 31, 2023 
     55,347,556 
  
    Plus: 

    Accretion of Class A Ordinary Shares to redemption value 
     1,928,109 
  
    Less: 

    Redemption of Class A Ordinary Shares 
     (29,638,365)
  
    Class A Ordinary Shares subject to possible redemption at December 31, 2024 
    $27,637,300 

NOTE
9 – SHAREHOLDERS’ DEFICIT

Preference
Shares

The
Company is authorized to issue 1,000,000 preference shares with $0.0001 par value. As of December 31, 2024 and 2023, there were no preference
shares issued or outstanding.

Class
A Ordinary Shares

The
Company is authorized to issue up to 200,000,000 Class A Ordinary Shares, $0.0001 par value per share. Holders of the Class A Ordinary
Shares are entitled to one vote for each share. As of December 31, 2024 and 2023, there were 5,681,485 and 5,794,628 Class A Ordinary
Shares issued and outstanding, respectively. Of the