Company: CDAQF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021994
Chunk: 6

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
,043  
     (389,048)
  
    Net loss 
     -  
     -  
     -  
     -  
     -  
     (4,568,210) 
     (4,568,210)
  
    Net income (loss) 
     -  
     -  
     -  
     -  
     -  
     (4,568,210) 
     (4,568,210)

    Balance as of September 30, 2024 (unaudited) 
     3,200,000  
    $320  
     2,110,122  
    $211  
    $-  
    $(6,207,087) 
    $(6,206,556)
  
    Balance 
     3,200,000  
    $320  
     2,110,122  
    $211  
    $-  
    $(6,207,087) 
    $(6,206,556)

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

3

COMPASS
DIGITAL ACQUISITION CORP.

UNAUDITED
CONDENSED STATEMENTS OF CASH FLOWS

    For The Nine Months Ended September 30, 2025  
    For The Nine Months Ended September 30, 2024 
  
    Cash Flows from Operating Activities 

    Net loss 
    $(2,948,789) 
    $(4,205,940)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Interest earned on cash or investments held in Trust Account 
     (334,873) 
     (1,660,199)
  
    Change in fair value of derivative warrant liabilities 
     476,488  
     138,182 
  
    Non-redemption expense 
     1,997,165  
     4,076,270 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     7,230  
     12,006 
  
    Due from sponsor 
     (114,586) 
     — 
  
    Accounts payable 
     174,892  
     — 
  
    Accrued expenses 
     194,602