Company: CDAQF
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010268
Chunk: 2

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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     5,194,628 

    Basic and diluted net loss per share- Class A Ordinary Shares subject to possible redemption 
    $(0.06) 
    $(0.01)

    Weighted average shares outstanding of non-redeemable Class A Ordinary Shares, basic and diluted 
     3,200,000  
     600,000 

    Basic and diluted net loss per share- non-redeemable Class A Ordinary Shares 
    $(0.06) 
    $(0.01)

    Weighted average shares outstanding of non-redeemable Class B Ordinary Shares, basic and diluted 
     2,110,122  
     4,710,122 

    Basic and diluted net loss per share- non-redeemable Class B Ordinary Shares 
    $(0.06) 
    $(0.01)

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

2

COMPASS DIGITAL ACQUISITION CORP.

UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’
DEFICIT

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 

    Class A  
    Class B  
    Additional  
       
    Total 

    Ordinary Shares  
    Ordinary Shares  
    Paid-in  
    Accumulated  
    Shareholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 

    Balance as of January 1, 2025 
     3,200,000  
    $320  
     2,110,122  
    $211  
    $-  
    $(6,229,543) 
    $(6,229,012)
  
    Allocation of Polar Capital Investment payable proceeds to equity instruments 
     -  

    Accretion of Class A Ordinary Shares to redemption amount 
     -  
     -  
     -  
     -  
     -  
     (242,531) 
     (242,531)
  
    Net loss 
     -  
     -  
     -