Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 77

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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) included in the Units offered, the “Public Shares”
and (ii) redeemable warrants included in the Units offered, the “Public Warrants”), at $10.00 per Unit, generating gross
proceeds of $200,000,000. Each Unit consists of one Class A Ordinary Share, par value $0.0001 per share, of the Company (the “Class
A Ordinary Shares”), and one-third of one Public Warrant (see Note 3).

Certain
institutional anchor investors that are not affiliated with the Company, the Legacy Sponsor, or the Company’s officers, directors,
or any member of the Company’s management (“Management” and such investors, the “Institutional Anchor Investors”)
purchased an aggregate of 20,000,000 Units in the Initial Public Offering. The Units were sold at an offering price of $10.00 per Unit,
generating gross proceeds of $200,000,000.

Simultaneously
with the closing of the Initial Public Offering, the Company consummated the sale of 4,666,667 warrants (the “Private Placement
Warrants,” and together with the Public Warrants, the “Warrants”) to the Legacy Sponsor at a price of $1.50 per Private
Placement Warrant, generating gross proceeds of $7,000,000 (such sale, the “Private Placement”) (see Note 4). Concurrently
with the closing of the Private Placement, the Institutional Anchor Investors paid the Legacy Sponsor $280,000 for the transfer of an
aggregate of 186,667 Private Placement Warrants, which transfer will take place upon the closing of the initial Business Combination.

The
Institutional Anchor Investors also purchased a portion of the equity interests of the Legacy Sponsor equivalent to 1,547,727 Founder
Shares (as defined in Note 5) from the Legacy Sponsor at the original purchase price of $0.004 per share. The Founder Shares may be converted
into Class A Ordinary Shares on a one-for-one basis at any time and from time to time prior to the closing of a Business Combination
at the election of the holders and will be automatically converted into Class A Ordinary Shares at the Business Combination on a one-for-one
basis, subject to adjustment as provided in its Amended and Restated Memorandum and Articles of Association (as amended and currently
in effect, the “Amended and Restated Charter”).

Transaction
costs amounted to $11,929,189, consisting