Company: CDAQF
Filing Date: 2025-03-13
Form Type: PRE 14A
Source: 0001493152-25-010116
Chunk: 12

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-13
Form: PRE 14A
Chunk 12
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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 need to obtain the Third Extension. Without the Third Extension, the Board believes that there is significant risk that we might not, despite our best efforts, be able to complete the EEW Business Combination or another initial Business Combination on or before April 19, 2025. If that were to occur, we would be precluded from completing the EEW Business Combination or another initial Business Combination and would be forced to liquidate even if our shareholders are otherwise in favor of consummating such transaction.

Therefore, the Board