Company: CDAQF
Filing Date: 2025-03-13
Form Type: PRE 14A
Source: 0001493152-25-010116
Chunk: 29

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-13
Form: PRE 14A
Chunk 29
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 or in addition to, your interests as a shareholder. These interests include, among others, ownership of (i) 3,200,000 Class A Ordinary Shares (purchased for a nominal price), 2,110,122 Class B Ordinary Shares (purchased for a nominal price) and 4,832,065 Private Placement Warrants (purchased for $1.50 per Private Placement Warrant), which would expire worthless if the Business Combination is not consummated, (ii) a promissory note in the principal amount of up to $1,000,000 issued to YAS International, LLC (d/b/a Gupta Capital Group), an affiliate of our Prior Sponsor (“ GCG”) on December 30, 2021in connection with working capital loans made to us by GCG (the “ 2023 Promissory Note”), of which $ was outstanding as of , (iii) the Polar Capital Investment of up to $1,500,000 in us, subject to certain funding milestones, pursuant to the Polar Subscription Agreement with the Sponsor, in order to meet the Sponsor’s commitment to us under a drawdown request, of which $ was drawn down as of (each term as defined in the section of this Proxy Statement entitled “ Background”) and (iv) a promissory note in the principal amount of up to $2,500,000 issued to the Sponsor on November 21, 2024in connection with working capital loans made to us by the Sponsor, of which $ was outstanding as of (the “ 2024 Promissory Note”).

See the section of this Proxy Statement entitled “ The Meeting — Interests of the Sponsors, Directors and Officers”.

The Charter Amendment Proposals

If the Third Extension Amendment Proposal is approved, what happens next?

Upon approval of the Third Extension Amendment Proposal by the affirmative vote of at least two-thirds (2/3) of the shareholders entitled to vote who attend and vote at the Meeting, (i) the Third Extension Amendment will be effective and (ii) we will file the Third Extension Amendment, as provided in the resolutions set forth in Annex A, with the Cayman Islands Registrar of Companies. We will remain a reporting company under the Exchange Act and our Units, Public Shares and Public Warrants will remain publicly traded. We will then continue to work to consummate the EEW Business Combination by the Third Extended Date. However, if the Third Extension Amendment Proposal is approved, our Board will have the right, without any further action by