Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 0

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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COMPASS
DIGITAL ACQUISITION CORP.

CONDENSED
BALANCE SHEETS

    June 30, 2025 (unaudited)  
    December 31, 2024 

    ASSETS 

    Current assets 

    Cash 
    $1,521  
    $27,720 
  
    Prepaid expenses 
     6,181  
     24,898 
  
    Due from sponsor 
     111,692  
     - 
  
    Total current assets 
     119,394  
     52,618 
  
    Cash held in Trust Account 
     1,272,260  
     27,637,300 
  
    Total assets 
    $1,391,654  
    $27,689,918 

    LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT 

    Current liabilities 

    Accounts payable 
    $323,709  
    $165,912 
  
    Accrued expenses 
     610,633  
     501,314 
  
    Polar Capital Investment payable – related party 
     227,273  
     227,273 
  
    Non-redemption liability 
     4,155,022  
     4,028,008 
  
    Working Capital Loans 
     1,657,122  
     1,240,000 
  
    Total current liabilities 
     6,973,759  
     6,162,507 
  
    Derivative warrant liabilities 
     595,611  
     119,123 
  
    Total liabilities 
     7,569,370  
     6,281,630 

    Commitments and Contingencies (Note 6) 
     -   
     - 

    Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 110,866 and 2,481,485 shares at $11.48 and $11.14 per share redemption value at June 30, 2025 and December 31, 2024, respectively 
     1,272,260  
     27,637,300 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 1,000,000