Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 5

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 Accretion of Class A Ordinary Shares to redemption amount 
     -  
     -  
     -  
     -  
     (295,000) 
     (344,184) 
     (639,184)
  
    Net income 
     -  
     -  
     -  
     -  
     -  
     475,460  
     475,460 
  
    Net income (loss) 
     -  
     -  
     -  
     -  
     -  
     475,460  
     475,460 

    Balance as of June 30, 2024 (unaudited) 
     600,000  
    $60  
     4,710,122  
    $471  
    $-  
    $(1,778,920) 
    $(1,778,389)
  
    Balance 
     600,000  
    $60  
     4,710,122  
    $471  
    $-  
    $(1,778,920) 
    $(1,778,389)

The
accompanying notes are an integral part of these unaudited condensed financial statements.

3

COMPASS
DIGITAL ACQUISITION CORP.

UNAUDITED
CONDENSED STATEMENTS OF CASH FLOWS

    For The Six Months Ended June 30, 2025  
    For The Six Months Ended June 30, 2024 
  
    Cash Flows from Operating Activities 

    Net (loss) income 
    $(897,389) 
    $362,270 
  
    Adjustments to reconcile net (loss) income to net cash used in operating activities: 

    Interest earned on cash or investments held in Trust Account 
     (323,575) 
     (1,271,151)
  
    Change in fair value of non-redemption liability 
     127,014  
     — 
  
    Change in fair value of derivative warrant liabilities 
     476,488  
     125,079 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     18,717  
     (10,661)
  
    Due from sponsor 
     (111,692)