Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 207

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 207
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 and the ability to represent
the best interests of our shareholders. Prior to our initial Business Combination, holders of our Public Shares do not have the right
to recommend director candidates for nomination to our Board of Directors.

45

Code
of Ethics

We
have adopted a Code of Business Conduct and Ethics (the “Code of Ethics”) applicable to our directors, officers and
employees. We have filed a copy of our Code Ethics as an exhibit to this Report. You may review the Code of Ethics by accessing our
public filings at the SEC’s website at www.sec.gov. In addition, a copy of the Code Ethics and the charters of the
committees of our Board of Directors will be provided without charge upon request from us. If we make any amendments to our Code
Ethics other than technical, administrative or other non-substantive amendments, or grant any waiver, including any implicit waiver,
from a provision of the Code of Ethics applicable to our principal executive officer, principal financial officer, principal
accounting officer or controller or persons performing similar functions requiring disclosure under applicable SEC or the Nasdaq
Rules, we will disclose the nature of such amendment or waiver in a Current Report on Form 8-K and on our website. The information
included on or accessible through our website is not incorporated by reference this Report or in any other report or document we
file with the SEC, and any references to our website are intended to be inactive textual references only.

The foregoing description of the
Code of Ethics does not purport to be complete and is qualified in its entirety by the terms and conditions of the Code of Ethics, a copy
of which is attached hereto as Exhibit 14 and is incorporated herein by reference.

Trading
Policies

On
October 14, 2021, we adopted insider trading policies and procedures governing the purchase, sale, and/or other dispositions of our securities
by directors, officers and employees, which are reasonably designed to promote compliance with insider trading laws, rules and regulations,
and applicable stock exchange listing standards (the “Insider Trading Policy”).

The
foregoing description of the Insider Trading Policy does not purport to be complete and is qualified in its entirety by the terms and
conditions of the Insider Trading Policy, a copy of which is attached hereto as Exhibit 19 and is incorporated herein by reference.

Compensation
Recovery and Clawback Policy

Under
the Sarbanes-Oxley Act, in the event of misconduct that results in a financial restatement