Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 93

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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 the accompanying unaudited condensed balance
sheet dates that are directly related to the Initial Public Offering. Upon the completion of the Initial Public Offering, the offering
costs were allocated using the relative fair values of the Class A Ordinary Shares and Warrants. The costs allocated to Warrants were
recognized in other expenses, and those related to the Class A Ordinary Shares were charged against the carrying value of the Class A
Ordinary Shares. The Company complies with the requirements of FASB ASC Topic 340-10-S99-1, “Other Assets and Deferred Costs.”

Net
(Loss) Income Per Ordinary Share

The
Company complies with the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company
has two classes of Ordinary Shares: Class A Ordinary Shares and Class B Ordinary Shares. Net (loss) income is shared pro rata between
the two classes of Ordinary Shares. Net (loss) income per Ordinary Share is calculated by dividing net (loss) income by the weighted
average number of Ordinary Shares outstanding for the respective period. As of June 30, 2025 and 2024, the inclusion of financial instruments
in the calculation of earnings per share is contingent on a future event. As a result, diluted net (loss) income per Ordinary Share is
the same as basic net (loss) income per Ordinary Share for the periods presented. Accretion associated with the redeemable Class A Ordinary
Shares is excluded from earnings per share as the redemption value approximates fair value.

The
following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net (loss) income per share
for each class of Ordinary Shares:

 SUMMARY OF RECONCILIATION OF NUMERATOR AND DENOMINATOR USED TO COMPUTE BASIC AND DILUTED NET LOSS PER SHARE

    For The Three 
Months Ended June 30, 2025  
    For The Three 
Months Ended June 30, 2024  
    For The Six 
Months Ended June 30, 2025  
    For The Six 
Months Ended June 30, 2024 
  
    Redeemable Class A Ordinary Shares 

    Numerator: Net (loss) income allocable to Redeemable Class A Ordinary Shares 

    Net (loss) income allocable to Redeemable Class A Ordinary Shares 
    $(52,001) 
    $235,116  
    $(