Company: CDAQF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021994
Chunk: 1

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 authorized; none issued and outstanding at September 30, 2025 and December 31, 2024 
     -  
     - 
  
    Class A Ordinary Shares, $0.0001 par value; 200,000,000 shares authorized; 3,200,000 shares issued and outstanding (excluding the 110,866 and 2,481,485 shares subject to possible redemption) at September 30, 2025 and December 31, 2024 
     320  
     320 
  
    Class B Ordinary Shares, $0.0001 par value; 20,000,000 shares authorized, 2,110,122 issued and outstanding at September 30, 2025 and December 31, 2024 
     211  
     211 
  
    Common stock, value 
     211  
     211 

    Accumulated deficit 
     (9,513,205) 
     (6,229,543)
  
    Total shareholders’ deficit 
     (9,512,674) 
     (6,229,012)
  
    Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit 
    $1,416,533  
    $27,689,918 

The
accompanying notes are an integral part of these unaudited condensed financial statements.

1

COMPASS
DIGITAL ACQUISITION CORP.

UNAUDITED
CONDENSED STATEMENTS OF OPERATIONS

    For The Three Months Ended September 30, 2025  
    For The Three Months Ended September 30, 2024  
    For The Nine Months Ended September 30, 2025  
    For The Nine Months Ended September 30, 2024 

    General and administrative expense 
    $162,547  
    $837,885  
    $720,009  
    $1,561,687 
  
    Non-redemption expense 
     1,870,151  
     4,076,270  
     1,997,165  
     4,076,270 
  
    Administrative expenses - related party 
     30,000  
     30,000  
     90,000  
     90,000 
  
    Loss from operations 
     (2,062,698)