Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 433

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 433
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specific terms of office. Our Board of Directors is authorized to appoint officers as it deems appropriate pursuant to our Amended and
Restated Charter.

Committees
of the Board of Directors

Our
Board of Directors has three standing committees: the Audit Committee, a compensation committee (the “Compensation Committee”)
and a nominating and corporate governance committee (the “Nominating Committee”). Both our Audit Committee and our Compensation
Committee are composed solely of independent directors. Subject to phase-in rules, the Nasdaq Rules and Rule 10A-3 of the Exchange
Act require that the Audit Committee of a listed company be comprised solely of independent directors, and the Nasdaq Rules require
that the compensation committee of a listed company be comprised solely of independent directors. Each committee operates under a charter
that was approved by our Board and has the composition and responsibilities described below. The charter of each committee is available
on our website and filed as an exhibit to this Report.

Audit
Committee

Anna
Brunelle, Matt Schindel and Kirk Hovde serve as the members and Anna Brunelle serves as chair of the Audit Committee. All members of
our Audit Committee are independent of and unaffiliated with our Sponsors. Under the Nasdaq Rules and under applicable
SEC rules, all the directors on the Audit Committee must be independent.

Each
member of the Audit Committee is financially literate and our Board of Directors has determined that Anna Brunelle qualifies as an “audit
committee financial expert” as defined in applicable SEC rules and has accounting or related financial management expertise.

43

We
have adopted a charter of the Audit Committee, which details the principal functions of the Audit Committee, including:

    ●
    assisting
    with Board oversight of (i) the integrity of our financial statements, (ii) our compliance with legal and regulatory requirements,
    (iii) our independent registered public accounting firm’s qualifications and independence, and (iv) the performance of our
    internal audit function and independent registered public accounting firm; 

    ●
    the
    appointment, compensation, retention, replacement, and oversight of the work of the independent registered public accounting firm
    and any other independent registered public accounting firm engaged by us; 

    ●
    pre-approving
    all audit and non-audit services to be provided by the independent registered public accounting firm or any other registered public
    accounting firm engaged by us, and establishing pre-approval policies and procedures; reviewing and discussing