Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 122

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 122
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 such holders.

Founder
Share Conversions

On
October 19, 2023, following the approval of the Founder Share Amendment Proposal at the 2023 EGM, the Sponsors also converted an aggregate
of 600,000 Founder Shares on a one-for-one basis into Class A Ordinary Shares (the “2023 Founder Share Conversion”) and waived
any right to receive funds from the Trust Account with respect to the Class A Ordinary Shares received upon such conversion and acknowledged
that such shares will be subject to all of the restrictions applicable to the original Founder Shares under the terms of the Letter Agreement.

On
July 24, 2024, in connection with the 2024 EGM and the 2024 Redemptions, the Sponsors also converted an aggregate of 2,600,000 Founder
Shares on a one-for-one basis into Class A Ordinary Shares (the “2024 Founder Share Conversion”) and waived any right to
receive funds from the Trust Account with respect to the Class A Ordinary Shares received upon such conversion and acknowledged that
such shares will be subject to all of the restrictions applicable to the original Founder Shares under the terms of the Letter Agreement.

Business
Combination Agreement

On
September 5, 2024, the Company entered into a Business Combination Agreement (as amended, restated or otherwise modified from time to
time, the “Business Combination Agreement”) with (i) the Sponsor, in the capacity as the representative from and after the
closing of the transactions contemplated by the Business Combination Agreement (the “Closing”) for the shareholders of the
Company, (ii) upon execution of a joinder thereto, a to-be-formed Cayman Islands exempted company to be named “EEW Renewables Corp”
(“Pubco”), (iii) upon execution of a joinder thereto, a to-be-formed Cayman Islands exempted company and wholly-owned subsidiary
of Pubco to be named “EEW Merger Sub” (“Merger Sub”), (iv) EEW Renewables Ltd, a company formed under the laws
of England and Wales (“EEW”), (v) the shareholders of EEW named therein that executed and delivered the Business Combination
Agreement on the signing date (together with any transferees of ordinary shares of EEW 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