Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 112

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 112
---
29,638,365  
     169,088,048 
  
    Net cash provided by investing activities 
     29,638,365  
     169,088,048 

    Cash flows from financing activities 

    Proceeds from Polar Capital Investment payable-related party 
     750,000  
     500,000 
  
    Proceeds of Working Capital Loans 
     1,115,000  
     35,000 
  
    Repayment of Working Capital Loans 
     -  
     (177,500)
  
    Return of excess contribution capital to Legacy Sponsor 
     -  
     (49,093)
  
    Due to related party 
     -  
     (24,821)
  
    Redemption of Class A Ordinary Shares 
     (29,638,365) 
     (169,088,048)
  
    Net cash used in financing activities 
     (27,773,365) 
     (168,804,462)

    Net decrease in cash 
     (16,326) 
     (892,388)
  
    Cash, beginning of period 
     44,046  
     936,434 
  
    Cash, end of period 
    $27,720  
    $44,046 

    Supplemental disclosure of non-cash investing and financing activities 

    Fair value of Ordinary Shares issued in satisfaction of professional legal fees 
    $-  
    $523,000 
  
    Deferred underwriting fees waiver 
    $-  
    $7,187,357 
  
    Allocation of Polar Capital Investment payable proceeds to equity instrument 
    $613,640  
    $409,091 
  
    Accretion of Class A Ordinary Shares to redemption value 
    $1,928,109  
    $1,726,802 

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

F-6

COMPASS
DIGITAL ACQUISITION CORP.

NOTES
TO FINANCIAL STATEMENTS

NOTE
1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Compass
Digital Acquisition Corp. (the “Company”) is a blank check company incorporated in the Cayman Islands on March 8, 2021. The
Company was formed for the purpose of effectuating a merger, share exchange, asset acquisition, share purchase, reorganization or