Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 210

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 210
---
 our officers and directors may negotiate employment or
consulting arrangements to remain with us after our initial Business Combination. The existence or terms of any such employment or consulting
arrangements to retain their positions with us may influence our Management’s motivation in identifying or selecting a target business,
but we do not believe that the ability of our Management to remain with us after the closing of our initial Business Combination will
be a determining factor in our decision to proceed with any potential Business Combination. We are not party to any agreements with our
officers and directors that provide for benefits upon termination of employment.

    Item
    12.
    Security
    Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The
following table sets forth information regarding the beneficial ownership of our Ordinary Shares as of March 24, 2025 based on
information obtained from the persons named below, with respect to the beneficial ownership of Ordinary Shares, by:

    ●
    each
    person known by us to be the beneficial owner of more than 5% of our outstanding Ordinary Shares;

    ●
    each
    of our executive officers and directors that beneficially owns our Ordinary Shares; and

    ●
    all
    our executive officers and directors as a group.

47

In
the table below, percentage ownership is based on 7,791,607 Ordinary Shares, consisting of (i) 5,681,485
Class A Ordinary Shares and (ii) 2,110,122 Class B Ordinary Shares, issued and outstanding as of March 24, 2025. On all
matters to be voted upon, except for the election of directors of the Board, holders of the Class A Ordinary Shares and Class B Ordinary
Shares vote together as a single class, unless otherwise required by applicable law. Currently, all of the Class B Ordinary Shares are
convertible into Class A Ordinary Shares on a one-for-one basis.

Unless
otherwise indicated, we believe that all persons named in the table have sole voting and investment power with respect to all Ordinary
Shares beneficially owned by them. The following table does not reflect record or beneficial ownership of the Private Placement Warrants
as these Private Placement Warrants are not exercisable within 60 days of the date of this Report.

    Class A Ordinary Shares  
    Class B Ordinary Shares  
    Approximate 
  
    Name and Address of Beneficial Owner (1) 
    Number of Shares Beneficially Owned  
    Approximate Percentage