Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 45

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 Class A Ordinary Shares subject to possible redemption is as follows:

 SCHEDULE OF CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION

    Class A Ordinary Shares subject to possible redemption at December 31, 2023 
    $55,347,556 
  
    Plus: 

    Accretion of Class A Ordinary Shares to redemption value 
     1,928,109 
  
    Less: 

    Redemption of Class A Ordinary Shares 
     (29,638,365)
  
    Class A Ordinary Shares subject to possible redemption at December 31, 2024 
     27,637,300 
  
    Plus: 

    Accretion of Class A Ordinary Shares to redemption value 
     242,531 
  
    Class A Ordinary Shares subject to possible redemption at March 31, 2025 
    $27,879,831 
  
    Plus: 

    Accretion of Class A Ordinary Shares to redemption value 
     81,044 
  
    Less: 

    Redemption of Class A Ordinary Shares 
     (26,688,615)
  
    Class A Ordinary Shares subject to possible redemption at June 30, 2025 
    $1,272,260 

NOTE
9 – SHAREHOLDERS’ DEFICIT

Preference
Shares

The
Company is authorized to issue 1,000,000 preference shares with $0.0001 par value. As of June 30, 2025 and December 31, 2024, there were
no preference shares issued or outstanding.

Class
A Ordinary Shares

The
Company is authorized to issue up to 200,000,000 Class A Ordinary Shares, $0.0001 par value per share. Holders of the Class A Ordinary
Shares are entitled to one vote for each share. As of June 30, 2025 and December 31, 2024, there were 3,310,866 and 5,681,485 Class A
Ordinary Shares issued and outstanding, respectively. Of the outstanding Class A Ordinary Shares, 110,866 and 2,481,485 shares were subject
to possible redemption at June 30, 2025 and December 31, 2024, respectively, and therefore classified outside of permanent equity.

Class
B Ordinary Shares

The
Company is authorized to issue up to 20,000,000 Class B Ordinary Shares, $0.0001