Company: CDAQF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021994
Chunk: 52

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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    December 31, 2024 
  
    Cash 
    $721  
    $27,720 
  
    Cash held in Trust Account 
    $1,283,558  
    $27,637,300 

    For the Three Months Ended September 30, 2025  
    For the Three Months Ended September 30, 2024 
  
    General and administrative expenses 
    $162,547  
    $837,885 
  
    Interest earned on cash held in Trust Account 
    $11,298  
    $389,048 

    For the Nine Months Ended September 30, 2025  
    For the Nine Months Ended September 30, 2024 
  
    General and administrative expenses 
    $720,009  
    $1,561,687 
  
    Interest earned on cash held in Trust Account 
    $334,873  
    $1,660,199 

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to complete a business combination or similar transaction within the business combination period. The CODM also reviews general and administrative
expenses to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative expenses, as reported on the condensed statements of operations, are the significant segment expenses provided to
the CODM on a regular basis.

All
other segment items included in net income or loss are reported on the condensed statements of operations and described within their
respective disclosures.

NOTE
12 - SUBSEQUENT EVENTS

The
Company evaluated events that have occurred after the condensed balance sheet date up through the date the accompanying unaudited condensed
financial statements were issued. Based upon the review, Management did not identify any other subsequent events, that would have required
adjustment or disclosure in the accompanying unaudited condensed financial statements, except as follows:

On
October 3, 2025, the Company drew an additional $250,000 under the Polar working capital loan to fund ongoing operating expenses.

On
November 3, 2025, the Company received the Notice from EEW purporting to terminate the Business Combination Agreement pursuant to Sections
10.1(b)