Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 575

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 2
Chunk 575
---
478 

    Basic and diluted net (loss) income per share- non-redeemable Class B Ordinary Shares Ordinary Shares 
    $(0.38) 
    $0.19 

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

F-4

.COMPASS
DIGITAL ACQUISITION CORP.

STATEMENTS
OF CHANGES IN SHAREHOLDERS’ DEFICIT

    Class A  
    Class B  
    Additional 

    Total 

    Ordinary Shares  
    Ordinary Shares  
    Paid-in 
     
    Accumulated  
    Shareholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital 
     
    Deficit  
    Deficit 
  
    Balance – December 31, 2022 
     -  
    $-  
     5,310,122  
    $531  
    $- 
     
    $(8,356,114) 
    $    (8,355,583)
  
    Conversion of Class B Ordinary Shares to Class A Ordinary Shares 
     600,000  
     60  
     (600,000) 
     (60) 
     - 
     
     -  
     - 
  
    Fair value of Ordinary Shares issued in satisfaction of professional legal fees 
     -  
     -  
     -  
     -  
     - 
     
     523,000  
     523,000 
  
    Return of excess contribution capital to Legacy Sponsor 
     -  
     -  
     -  
     -  
     - 
     
     (49,093) 
     (49,093)
  
    Fair value of Class B Ordinary Shares issued pursuant to Non-Redemption Agreements 
     -  
     -  
     -  
     -  
     3,444,008 
     
     -  
     3,444,008 
  
    Allocation of Polar Capital Investment payable proceeds to equity instrument 
     -  
     -  
     -  
     -  
     409,091 
     
     -  
     409,091 
  
    Accretion of Class A Ordinary Shares to redemption