Company: CDAQF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021994
Chunk: 7

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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     464,179 
  
    Net cash used in operating activities 
     (547,871) 
     (1,175,502)

    Cash Flows from Investing Activities: 

    Cash withdrawn from Trust Account in connection with redemption 
     26,688,615  
     29,638,365 
  
    Net cash provided by investing activities 
     26,688,615  
     29,638,365 

    Cash Flows from Financing Activities 

    Proceeds from Polar Capital Investment payable-related party 
     —  
     750,000
  
    Redemption of ordinary shares 
     (26,688,615) 
     (29,638,365)
  
    Proceeds from Working Capital Loans 
     520,872  
     — 
  
    Capital contribution from Sponsor 
     —  
     415,000 
  
    Net cash used in financing activities 
     (26,167,743) 
     (28,473,365)

    Net (decrease) in cash 
     (26,999) 
     (10,502)
  
    Cash - beginning of period 
     27,720  
     44,046 
  
    Cash - end of period 
    $721  
    $33,544 

    Supplemental disclosure of non-cash investing and financing activities: 

    Allocation of Polar Capital Investment payable proceeds to equity instrument 
    $—  
    $(908,636)

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

4

COMPASS
DIGITAL ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

NOTE
1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Compass
Digital Acquisition Corp. (the “Company”) is a blank check company incorporated in the Cayman Islands on March 8, 2021. The
Company was formed for the purpose of effectuating a merger, share exchange, asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses (the “Business Combination”). The Company is an early-stage and emerging
growth company and, as such, the Company is subject to all of the risks associated with early-stage and emerging growth companies.

As
of September 30,