Company: CDAQF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001641172-25-000430
Chunk: 71

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 71
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 payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding Public Shares, in the event the Business Combination is approved and completed or we have not consummated another Business Combination by the Third Extended Date.

After careful consideration of all relevant factors, our Board has approved and declared advisable the adoption of the Redemption Limitation Amendment Proposal and recommends that you vote “FOR” such proposal.

If the Redemption Limitation Amendment Proposal is Approved

Upon approval of the Redemption Limitation Amendment Proposal (and approval of the Third Extension Amendment Proposal) by the affirmative vote of a majority of at least two-thirds (2/3) of the votes cast by the holders of Ordinary Shares, voting as a single class, who, being entitled to do so, vote in person (including shareholders who vote online) or by proxy at the Meeting, or any adjournment thereof, we will redeem all Public Shares submitted for redemption in the Third Extension Redemptions, irrespective of whether such redemptions would exceed the Redemption Limitation. We will remain a reporting company under the Exchange Act and our Units, Public Shares and Public Warrants will remain publicly traded. We will then continue to work to consummate the EEW Business Combination by the Third Extended Date.

If the Redemption Limitation Amendment Proposal is not Approved

If the Redemption Limitation Amendment Proposal is not approved and the Redemption Limitation is exceeded, either because we do not take action to increase our net tangible assets or because our attempt to do so are not successful, then we will not proceed with the Third Extension and will not redeem any Public Shares. In such case, Public Shares that a Public Shareholder elects to redeem, but which are not redeemed shall be returned to such Public Shareholder or such Public Shareholder’s account and such Public Shareholder will retain the right to have their Public Shares redeemed for cash if we have not completed the EEW Business Combination or April 19, 2025.

If that were to occur, as contemplated by and in accordance with the Amended and Restated Charter, we will (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable 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