Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 46

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 46
---
. In addition to our own cybersecurity risks, any
proposed Business Combination target, such as EEW, may have been subject to, or may in the future be subject to, cybersecurity incidents.

    Item
    2.
    Properties.

Our
executive offices are located at 195 US Hwy 50, Suite 309, Zephyr Cove, NV 89488, and our telephone number is (775) 339-1671. The
cost for our use of this space is included in the $10,000 per month fee we pay to our Sponsor for office space and secretarial and
administrative services pursuant to the Administrative Services Agreement. We consider our current
office space adequate for our current operations.

    Item
    3.
    Legal
    Proceedings.

To
the knowledge of our Management Team, there is no material litigation currently pending or contemplated against us, any of our officers
or directors in their capacity as such or against any of our property.

    Item
    4.
    Mine
    Safety Disclosures.

Not
applicable.

24

PART
II

    Item 5.
    Market for Registrant’s
    Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.

    (a)
    Market
    Information

Our
Units, Public Shares and Public Warrants were each traded on the Global Market tier of
Nasdaq under the symbols “CDAQU,” “CDAQ” and
“CDAQW”, respectively. Our Units commenced public trading on October 15,
2021, and our Public Shares and Public Warrants commenced separate public trading on December
6, 2021.

On
October 15, 2024 we received a letter from the Listing Qualifications Department of Nasdaq, which stated that the staff of Nasdaq (the
“Nasdaq Staff”) had determined that (i) our securities would be delisted from Nasdaq, (ii) trading of our Class A Ordinary
Shares, Public Warrants, and Units would be suspended at the opening of business on October 22, 2024 and (iii) a Form 25-NSE would be
filed with the SEC, which would remove our securities from listing and registration on Nasdaq. Under the Nasdaq 36 Month Requirement,
a SPAC must complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration
statement. Since we failed to complete a Business Combination by