Company: CDAQF
Filing Date: 2025-03-13
Form Type: PRE 14A
Source: 0001493152-25-010116
Chunk: 6

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-13
Form: PRE 14A
Chunk 6
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 Shares held by the Sponsors, the “ Founder Shares”), and (iii) 4,832,065 warrants (the “ Private Placement Warrants”), which were initially purchased by the Prior Sponsor in a private placement that occurred simultaneously with the completion of the IPO (the “ Private Placement”). As of the Record Date (as defined below), there were 5,681,485Class A Ordinary Shares and 2,110,122 Class B Ordinary Shares issued and outstanding and the Prior Sponsor and Sponsor hold approximately 28.45% and 39.70%, respectively, of the total issued and outstanding Ordinary Shares.

To make the Election, you must demand that the Company redeem your Public Shares for a pro rata portion of the funds held in the Trust Account and tender your Public Shares to the Company’s transfer agent at least two business days prior to the Meeting (or ). You may tender your Public Shares by either delivering your share certificate to the transfer agent or by delivering your shares electronically using the Depository Trust Company’s Deposit/Withdrawal At Custodian system. If your Public Shares are held in an account at a brokerage firm, bank, dealer, or other similar organization, you will need to instruct your bank, broker or other nominee to withdraw the Public Shares from your account in order to make the Election.

As of , based on funds in the Trust Account of approximately $ as of such date, the pro rata portion of the funds available in the Trust Account for the Third Extension Redemptions was approximately $ per Public Share (before taking into account the removal of the accrued interest in the Trust Account to pay the Company’s taxes). The closing price of the Class A Ordinary Shares as reported on the OTC Pink Market on , was $ . The Company cannot assure shareholders that they will be able to sell their Public Shares in the open market, even if the market price per share is higher than the redemption price stated above, as there may not be sufficient liquidity in its securities when such Public Shareholders wish to sell their Public Shares. The Company believes that such redemption right enables its Public Shareholders to determine whether or not to sustain their investments for an additional period if the Company does not complete the Business Combination on or before the Second Extended Date.

The Company has agreed to waive its right to withdraw up to $100,000 of interest accrued on the Trust Account to pay dissolution expenses, as permitted by the Amended and Restated Charter, should the Company ultimately liquidate before consummating a Business Combination. Instead, the Company agreed that it