Company: CDAQF
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010268
Chunk: 90

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 90
---
    For The Three
                                                                                Months Ended
                                                                                March 31, 2024 
  
    Redeemable Class A Ordinary Shares 

    Numerator: Net loss allocable to Redeemable Class A Ordinary Shares 

    Net loss allocable to Redeemable Class A Ordinary Shares 
    $(153,849) 
    $(55,973)

    Denominator: Weighted Average Share Outstanding, Redeemable Class A Ordinary Shares 

    Basic and diluted weighted average shares outstanding, Redeemable Class A Ordinary Shares 
     2,481,485  
     5,194,628 
  
    Basic and diluted net loss per share, Class A ordinary shares subject to possible redemption 
    $(0.06) 
    $(0.01)

    Non-Redeemable Class A Ordinary Shares 

    Numerator: Net loss allocable to non-redeemable Class A Ordinary Shares 

    Net loss allocable to non-redeemable Class A Ordinary Shares 
    $(198,397) 
    $(6,465)

    Denominator: Weighted Average Non-Redeemable Class A Ordinary Shares 
     3,200,000  
     600,000 
  
    Basic and diluted net loss per share, non-redeemable Class A Ordinary Shares 
    $(0.06) 
    $(0.01)

    Non-Redeemable Class B Ordinary Shares 

    Numerator: Net loss allocable to non-redeemable Class B Ordinary Shares 

    Net loss allocable to non-redeemable Class B Ordinary Shares 
    $(130,825) 
    $(50,752)

    Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares 
     2,110,122  
     4,710,122 
  
    Basic and diluted net loss per share, non-redeemable Class B Ordinary Shares 
    $(0.06) 
    $(0.01)

    11

COMPASS DIGITAL ACQUISITION CORP.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

Warrant Liability

The Company accounts for its Warrants as either equity-classified
or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance
in ASC 480 and FASB ASC Topic 815, “Derivatives and