Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 114

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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to the occurrence of future events. The Company is authorized to issue 200,000,000 Class A Ordinary Shares with a par value of $0.0001
per share. Holders of the Class A Ordinary Shares are entitled to one vote for each share. As of June 30, 2025 and December 31, 2024,
there were 3,310,866 and 5,681,485 Class A Ordinary Shares outstanding, respectively, of which 110,866 and 2,481,485, respectively, shares
were subject to possible redemption and classified outside of permanent equity in the Company’s condensed balance sheets.

The
reconciliation of Class A Ordinary Shares subject to possible redemption is as follows:

 SCHEDULE OF CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION

    Class A Ordinary Shares subject to possible redemption at December 31, 2023 
    $55,347,556 
  
    Plus: 

    Accretion of Class A Ordinary Shares to redemption value 
     1,928,109 
  
    Less: 

    Redemption of Class A Ordinary Shares 
     (29,638,365)
  
    Class A Ordinary Shares subject to possible redemption at December 31, 2024 
     27,637,300 
  
    Plus: 

    Accretion of Class A Ordinary Shares to redemption value 
     242,531 
  
    Class A Ordinary Shares subject to possible redemption at March 31, 2025 
    $27,879,831 
  
    Plus: 

    Accretion of Class A Ordinary Shares to redemption value 
     81,044 
  
    Less: 

    Redemption of Class A Ordinary Shares 
     (26,688,615)
  
    Class A Ordinary Shares subject to possible redemption at June 30, 2025 
    $1,272,260 

NOTE
9 – SHAREHOLDERS’ DEFICIT

Preference
Shares

The
Company is authorized to issue 1,000,000 preference shares with $0.0001 par value. As of June 30, 2025 and December 31, 2024, there were
no preference shares issued or outstanding.

Class
A Ordinary Shares

The
Company is authorized to issue up to 200,000,000 Class A Ordinary Shares, $0.0001 par value per share. Holders of the Class A Ordinary
Shares