Company: CDAQF
Filing Date: 2025-03-13
Form Type: PRE 14A
Source: 0001493152-25-010116
Chunk: 26

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-13
Form: PRE 14A
Chunk 26
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 Three — The Auditor Ratification Proposal”.

Why should I vote “FOR” the Adjournment Proposal?

If the Adjournment Proposal is not approved by our shareholders, the Board may decide not to adjourn the Meeting to a later date or dates, or indefinitely, in the event that there are insufficient votes for, or otherwise in connection with, the approval of the other Proposals.

Does the Board recommend voting “FOR” the approval of the Proposals?

Yes. After careful consideration of the terms and conditions of these Proposals, our Board has determined that the Third Extension Amendment Proposal, the Redemption Limitation Amendment Proposal, the Auditor Ratification Proposal and, if presented, the Adjournment Proposal are in our Company’s best interest. The Board recommends that our shareholders vote “FOR” the Third Extension Amendment Proposal, “FOR” the Redemption Limitation Amendment Proposal, “FOR” the Auditor Ratification Proposal and “FOR” the Adjournment Proposal, if presented.

Are the Proposals conditioned on one another?

The Third Extension Amendment Proposal is not conditioned on the approval of either the Auditor Ratification Proposal or the Adjournment Proposal; however, we will not proceed with the Third Extension unless (i) the Redemption Limitation Amendment Proposal is approved or (ii) we will have at least $5,000,001 of net tangible assets following approval of the Third Extension Amendment Proposal, after taking into account the Third Extension Redemptions.

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The Redemption Limitation Amendment Proposal is not conditioned on the approval of either the Auditor Ratification Proposal or the Adjournment Proposal; however, the Redemption Limitation Amendment Proposal is conditioned on the approval of the Third Extension Amendment Proposal.

The Auditor Ratification Proposal is not conditioned on the approval of the Third Extension Amendment Proposal, the Redemption Limitation Amendment Proposal or the Adjournment Proposal.

The Adjournment Proposal is not conditioned on the approval of the Third Extension Amendment Proposal, the Redemption Limitation Amendment Proposal or the Auditor Ratification Proposal. However, if any of the Third Extension Amendment Proposal, the Redemption Limitation Amendment Proposal or the Auditor Ratification Proposal are not approved by our shareholders, we may put the Adjournment Proposal to a vote in order to seek additional time to obtain sufficient votes in support of the Third Extension Amendment Proposal, the Redemption Limitation Amendment Proposal or the Auditor Ratification Proposal, as needed.

What vote is required to approve the Proposals?

The approval of each of the Third Extension Amendment Proposal and the Redemption Limitation Amendment Proposal requires a special resolution under Cay