Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 796

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 4
Chunk 796
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 in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest
earned on the funds held in the Trust Account and not previously released to us to pay our taxes, divided by the number of then outstanding
Public Shares.

For
more information on the agreements entered into in connection with the EEW Business Combination, see Item 1. “Business.”

Director
Independence

The
Nasdaq Rules that a majority of our Board of Directors be independent within one year of our Initial Public
Offering. An “independent director” is defined generally as a person who, in the opinion of the company’s board of
directors, has no material relationship with the listed company (either directly or as a partner, shareholder, shareholder or
officer of an organization that has a relationship with the company). Our Board of Directors has determined that Joseph Beck, Anna
Brunelle, Kirk Hovde and Matt Schindel are “independent directors” as defined in the Nasdaq Rules and applicable
SEC rules. Our independent directors have regularly scheduled meetings at which only independent directors are present.

54

    Item
    14.
    Principal
    Accountant Fees and Services.

Effective
as of September 5, 2023, the Board of Directors and the Audit Committee authorized dismissal of Marcum LLP (“Marcum”) and
engagement of Withum as our new independent registered public accounting firm. For more information on this change in our independent
registered public accounting firm, please see our Current Report on Form 8-K filed with the SEC on December 15, 2023.

The
following is a summary of fees paid or to be paid to Marcum and Withum for services rendered.

Audit
Fees

Audit
fees consist of fees for professional services rendered for the audit of our year-end financial statements and services that are normally
provided by our independent registered public accounting firm in connection with regulatory filings. The aggregate fees of Withum and
Marcum for professional services rendered for the audit of our annual financial statements, review of the financial information included
in our Forms 10-Q for the respective periods and other required filings with the SEC for the years ended December 31, 2024 and 2023 totaled
approximately $127,920 and $90,713, respectively. Audit fees consist of $40,560 and $37,960 for services provided by Withum for the years
ended December 31, 2024 and 2023,