Company: CDAQF
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001641172-25-000421
Chunk: 230

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 230
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     167,798 
  
    Polar Capital Investment payable – related party 
     227,273  
     90,909 
  
    Non-redemption liability 
     4,028,008  
     - 
  
    Working Capital Loans 
     1,240,000  
     125,000 
  
    Total current liabilities 
     6,162,507  
     860,274 
  
    Derivative warrant liabilities 
     119,123  
     588,464 
  
    Total liabilities 
     6,281,630  
     1,448,738 

    Commitments and Contingencies (Note 6) 
     -  
     - 

    Class A Ordinary Shares subject to possible redemption, $0.0001 par value; 2,481,485 and 5,194,628 shares at $11.14 and 10.65 per share at December 31, 2024 and 2023, respectively 
     27,637,300  
     55,347,556 

    Shareholders’ deficit 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at December 31, 2024 and 2023 
     -  
     - 
  
    Class A Ordinary Shares, $0.0001 par value; 200,000,000 shares authorized; 3,200,000 and 600,000 shares issued and outstanding, respectively (excluding 2,481,485 and 5,194,628 shares subject to possible redemption at December 31, 2024 and 2023, respectively) 
     320  
     60 
  
    Class B Ordinary Shares, $0.0001 par value; 20,000,000 shares authorized; 2,110,122 and 4,710,122 shares issued and outstanding at December 31, 2024 and 2023, respectively 
     211  
     471 
  
    Common stock, value 
     211  
     471 

    Accumulated deficit 
     (6,229,543) 
     (1,369,588)
  
    Total Shareholders’ Deficit 
     (6,229,012) 
     (1,369,057)
  
    Total