Company: CDAQF
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010268
Chunk: 46

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management
has determined that there is only one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is
reported on the condensed statements of operations as net income or loss. The measure of segment assets is reported on the condensed
balance sheets as total assets. When evaluating the Company’s performance and making key decisions regarding resource
allocation, the CODM reviews several key metrics included in net income or loss and total assets, which include the
following:

 SCHEDULE
OF SEGMENT ASSETS

    March 31, 2025  
    December 31, 2024 
  
    Cash 
    $1,403  
    $27,720 
  
    Cash held in Trust Account 
    $27,879,831  
    $27,637,300 

    For the Three
                                                                                Months Ended
                                                                                March 31, 2025  
    For the Three
                                                                                Months Ended
                                                                                March 31, 2024 
  
    Operating expenses 
    $460,342  
    $207,696 
  
    Interest earned on cash held in Trust Account 
    $242,531  
    $631,967 

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

Operating
expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a
business combination or similar transaction within the business combination period. The CODM also reviews operating expenses to
manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Operating
expenses, as reported on the condensed statements of operations, are the significant segment expenses provided to the CODM on a
regular basis.

All
other segment items included in net income or loss are reported on the condensed statements of operations and described within their
respective disclosures.

NOTE
12 - SUBSEQUENT EVENTS

The
Company evaluated events that have occurred after the condensed balance sheet date up through the date the accompanying unaudited
condensed financial statements were issued. Based upon the review, Management did not identify any other subsequent events, that
would have required adjustment or disclosure in the accompanying unaudited condensed financial statements, except as