Company: CDAQF
Filing Date: 2025-03-13
Form Type: PRE 14A
Source: 0001493152-25-010116
Chunk: 17

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-13
Form: PRE 14A
Chunk 17
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 $10.00 per share due to reductions in the value of the Trust Account assets, less taxes payable; provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under our indemnity of the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “ Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsors will not be responsible to the extent of any liability for such third-party claims. We cannot assure you, however, that the Sponsors would be able to satisfy those obligations. As of , based on funds in the Trust Account of approximately $ as of such date, the pro rata portion of the funds available in the Trust Account for the redemption of Public Shares was approximately $ per Public Share (before taking into account the removal of the accrued interest in the Trust Account to pay our taxes). Nevertheless, we cannot assure you that the per-share distribution from the Trust Account, if we liquidate, will not be less than approximately $ (before taking into account the removal of the accrued interest in the Trust Account to pay our taxes and up to $50,000 of interest to pay dissolution expenses), due to unforeseen claims of creditors.

If the Charter Amendment Proposals are approved, we, pursuant to the terms of the Investment Management Trust Agreement, dated October 14, 2021 (as amended, the “ Trust Agreement”), by and between us and Continental Stock Transfer & Trust Company (“ Continental”), will (i) remove from the Trust Account an amount (the “ Withdrawal Amount”), equal to the number of Public Shares properly redeemed multiplied by the per-share price, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding Public Shares, and (ii) deliver to the holders of such redeemed Public Shares their portion of the Withdrawal Amount in the Third Extension Redemptions. The remainder of such funds shall remain in the Trust Account and will be available for our use to complete a Business Combination on or before the Third Extended Date. Public Shareholders who do not redeem their Public Shares in the Third Extension Redemptions will retain their redemption rights and their ability to vote on a Business