Company: CDAQF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023544
Chunk: 120

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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 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.

Through the date of
this filing, the Company has drawn an additional $42,000
on the 2024 Promissory Note. The total aggregate outstanding balance on the 2024 Promissory Note is $1,574,121.

20

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Cautionary
Note Regarding Forward-Looking Statements

All
statements other than statements of historical fact included in this Quarterly Report on Form 10-Q for the quarterly period ended June
30, 2025 (this “Report”) including, without limitation, statements under this Item regarding our financial position, business
strategy and the plans and objectives of Management for future operations, are forward-looking statements. When used in this Report,
words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and
similar expressions, as they relate to us or our Management, identify forward-looking statements. Such forward-looking statements are
based on the beliefs of our Management, as well as assumptions made by, and information currently available to, our Management. Actual
results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in
our filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf
are qualified in their entirety by this paragraph.

The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with the unaudited
condensed financial