Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 11

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 11
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 Closing Redemption and any transaction financing), or Pubco, after the Closing, having at least $5,000,001 in net tangible
assets (to the extent that our shareholders do not approve amending our organizational documents to eliminate such requirement), (vi)
the members of the post-Closing Pubco board of directors having been appointed in accordance with the EEW Business Combination Agreement,
(vii) the EEW Registration Statement having been declared effective by the SEC; (viii) Pubco having amended and restated its organizational
documents in the form to be agreed by our Company and EEW prior to the Closing, (ix) Pubco’s qualification as a foreign private
issuer under the Exchange Act, (x) Pubco Ordinary Shares having been approved for listing on Nasdaq, and (xi) the parties will have amended
and restated the Registration Rights Agreement in form and substance reasonably acceptable to our Company, the Sponsor and EEW to have
Pubco assume our registration obligations under the Registration Rights Agreement and have such rights apply to Pubco’s securities,
and to add the Sellers thereto (including any Global Transferred Shareholders to the extent that they are officers, directors or affiliates
of Pubco immediately after the Closing) in order to provide them with registration rights.

6

Unless
waived by EEW, Pubco and the Seller Representative, the obligations of EEW, Pubco, Merger Sub and the Sellers to consummate the EEW Business
Combination are subject to the satisfaction of the following Closing conditions, in addition to customary certificates and other closing
deliveries: (i) our representations and warranties relating to organization and standing, authorization and binding effect, capitalization,
finders and brokers and Trust Account, being, in each case, true and correct in all material respects as of the date of the EEW Business
Combination Agreement and as of the Closing; (ii) our representations and warranties relating to absence of certain changes being true
and correct in all respects as of the date of the EEW Business Combination Agreement and as of the Closing; (iii) all other of our representations
and warranties being true and correct as of the date of the EEW Business Combination Agreement and as of the Closing, subject to Material
Adverse Effect; (iv) our Company having performed in all material respects our obligations and complied in all material respects with
our covenants and agreements under the EEW Business Combination Agreement required to be performed or complied with by us on or prior
the