Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 347

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 347
---

    $-  
     5,310,122  
    $531  
    $- 
     
    $(8,356,114) 
    $    (8,355,583)
  
    Conversion of Class B Ordinary Shares to Class A Ordinary Shares 
     600,000  
     60  
     (600,000) 
     (60) 
     - 
     
     -  
     - 
  
    Fair value of Ordinary Shares issued in satisfaction of professional legal fees 
     -  
     -  
     -  
     -  
     - 
     
     523,000  
     523,000 
  
    Return of excess contribution capital to Legacy Sponsor 
     -  
     -  
     -  
     -  
     - 
     
     (49,093) 
     (49,093)
  
    Fair value of Class B Ordinary Shares issued pursuant to Non-Redemption Agreements 
     -  
     -  
     -  
     -  
     3,444,008 
     
     -  
     3,444,008 
  
    Allocation of Polar Capital Investment payable proceeds to equity instrument 
     -  
     -  
     -  
     -  
     409,091 
     
     -  
     409,091 
  
    Accretion of Class A Ordinary Shares to redemption amount 
     -  
     -  
     -  
     -  
     3,853,099 
     
     2,126,297  
     (1,726,802)
  
    Net income 
     -  
     -  
     -  
     -  
     - 
     
     4,386,322  
     4,386,322 
  
    Balance - December 31, 2023 
     600,000  
    $60  
     4,710,122  
    $471  
    $- 
     
    $(1,369,588) 
    $(1,369,057)
  
    Balance 
     600,000  
    $60  
     4,