Company: CDAQF
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010268
Chunk: 4

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---

    $-  
    $(1,910,196) 
    $(1,909,665)
  
    Balance  
     600,000  
    $60  
     4,710,122  
    $471  
    $-  
    $(1,910,196) 
    $(1,909,665)

The accompanying notes are an integral part of these
unaudited condensed financial statements.

3

COMPASS DIGITAL ACQUISITION CORP.

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

    For The Three
                                                                                Months Ended  
    For
The Three
                                                                                         Months Ended 

    March 31, 2025  
    March 31, 2024 

    Cash flows from operating activities 

    Net loss 
    $(483,071) 
    $(113,190)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Interest earned on cash  held in Trust Account 
     (242,531) 
     (631,967)
  
    Change in fair value of non-redemption liability 
     111,374  
     — 
  
    Change in fair value of derivative warrant liabilities 
     123,886  
     507,461 
  
    Change in operating assets and liabilities 

    Prepaid expenses 
     (9,314) 
     (38,771)
  
    Accounts payable 
     93,600  
     16,641 
  
    Accrued expenses 
     113,720  
     (4,238)
  
    Net cash used in operating activities 
     (292,336) 
     (264,064)

    Cash flows from financing activities 

    Proceeds from Polar Capital Investment payable-related party 
     —  
     250,000 
  
    Proceeds from Working Capital Loans 
     266,019  
     — 
  
    Net cash provided by financing activities 
     266,019  
     250,000 

    Net decrease in cash 
     (26,317) 
     (14,064)
  
    Cash, beginning of period 
     27,720  
     44,046 
  
    Cash, end of period 
    $1,403  
    $29,982 

    Supplement