Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 801

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 4
Chunk 801
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 subject to possible redemption, $0.0001 par value; 2,481,485 and 5,194,628 shares at $11.14 and 10.65 per share at December 31, 2024 and 2023, respectively 
     27,637,300  
     55,347,556 

    Shareholders’ deficit 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at December 31, 2024 and 2023 
     -  
     - 
  
    Class A Ordinary Shares, $0.0001 par value; 200,000,000 shares authorized; 3,200,000 and 600,000 shares issued and outstanding, respectively (excluding 2,481,485 and 5,194,628 shares subject to possible redemption at December 31, 2024 and 2023, respectively) 
     320  
     60 
  
    Class B Ordinary Shares, $0.0001 par value; 20,000,000 shares authorized; 2,110,122 and 4,710,122 shares issued and outstanding at December 31, 2024 and 2023, respectively 
     211  
     471 
  
    Common stock, value 
     211  
     471 

    Accumulated deficit 
     (6,229,543) 
     (1,369,588)
  
    Total Shareholders’ Deficit 
     (6,229,012) 
     (1,369,057)
  
    Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 
    $27,689,918  
    $55,427,237 

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

F-3

COMPASS
DIGITAL ACQUISITION CORP.

STATEMENTS
OF OPERATIONS

    Year Ended December 31, 2024  
    Year Ended December 31, 2023 

    Operating expenses 
    $1,794,928  
    $1,926,567 
  
    Administrative expenses – related party 
     120,000  
     120,000 
  
    Non-redemption expense 
     4,028,008  
     3,444,