Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 24

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 24
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 Business Combination or (ii) without
a shareholder vote by means of a tender offer. The decision as to whether we will seek shareholder approval of a proposed Business Combination
or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing
of the transaction and whether the terms of the transaction would require us to seek shareholder approval under applicable law or stock
exchange listing requirements or whether we were determined to be a foreign private issuer as a result of a Business Combination (which
would require a tender offer rather than seeking shareholder approval under SEC rules). Asset acquisitions and share purchases would
not typically require shareholder approval while direct mergers with our Company and any transactions where we issue more than 20% of
our issued and outstanding Ordinary Shares or seek to amend our Amended and Restated Charter would require shareholder approval. So long
as our securities are listed on Nasdaq, we will be required to comply with the shareholder approval requirements of the Nasdaq Rules.

13

The
requirement that we provide our Public Shareholders with the opportunity to redeem their Public Shares by one of the two methods listed
above are contained in provisions of our Amended and Restated Charter and apply whether or not we maintain our registration under the
Exchange Act or our listing on Nasdaq. Such provisions may be amended if approved by holders of two-thirds of our Ordinary Shares entitled
to vote thereon, so long as we offer redemption in connection with such amendment.

If
we provide our Public Shareholders with the opportunity to redeem their Public Shares in connection with a general meeting, we will,
pursuant to our Amended and Restated Charter:

    ●
    conduct the redemptions
    in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates the solicitation of proxies,
    and not pursuant to the tender offer rules; and 

    ●
    file proxy materials with
    the SEC, such as those included in the EEW Registration Statement. 

In
the event that we seek shareholder approval of our initial Business Combination, we will distribute proxy materials and, in connection
therewith, provide our Public Shareholders with the redemption rights described above upon completion of the initial Business Combination.

If
we seek shareholder approval, we will complete our initial Business Combination only if we receive an ordinary resolution under the Companies
Act, which requires the affirmative vote of a majority of the shareholders who attend and vote at a general meeting of