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

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 Class A Ordinary Shares 

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

    Net (loss) income allocable to non-redeemable Class A Ordinary Shares 
    $(218,340) 
    $27,157  
    $(273,358) 
    $20,692 

    Denominator: Weighted Average Non-Redeemable Class A Ordinary Shares 
     3,200,000  
     600,000  
     3,200,000  
     600,000 
  
    Basic and diluted net (loss) income per share, non-redeemable Class A Ordinary Shares 
    $(0.07) 
    $0.05  
    $(0.13) 
    $0.03 

    Non-Redeemable Class B Ordinary Shares 

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

    Net (loss) income allocable to non-redeemable Class B Ordinary Shares 
    $(143,976) 
    $213,187  
    $(414,547) 
    $162,435 

    Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares 
     2,110,122  
     4,710,122  
     2,110,122  
     4,710,122 
  
    Basic and diluted net (loss) income per share, non-redeemable Class B Ordinary Shares 
    $(0.07) 
    $0.05  
    $(0.13) 
    $0.03 

    11

COMPASS
DIGITAL ACQUISITION CORP.

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE
30, 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 Hedging” (“ASC
815”). The assessment considers whether the Warrants are freestanding financial instruments pursuant to ASC 480, meet the definition
of a liability pursuant to ASC 480, and whether the Warrants meet all of the requirements