Company: CDAQF
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010268
Chunk: 15

Company: Compass Digital Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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ated or otherwise modified from time to time, the “Business
Combination Agreement”) with (i) the Sponsor, in the capacity as the representative from and after the closing of the transactions
contemplated by the Business Combination Agreement (the “Closing”) for the shareholders of the Company, (ii) upon execution
of a joinder thereto, a to-be-formed Cayman Islands exempted company to be named “EEW Renewables Corp” (“Pubco”),
(iii) upon execution of a joinder thereto, a to-be-formed Cayman Islands exempted company and wholly-owned subsidiary of Pubco to be named
“EEW Merger Sub” (“Merger Sub”), (iv) EEW Renewables Ltd, a company formed under the laws of England and Wales
(“EEW”), (v) the shareholders of EEW named therein that executed and delivered the Business Combination Agreement on the signing
date (together with any transferees of ordinary shares of EEW prior to the Closing that either sign a joinder agreement to become a party
thereto, or that become bound thereby pursuant to the drag-along rights to be set forth in EEW’s amended organizational documents
(collectively, the “Sellers”), and (vi) E.E.W. Global Holding Limited, in the capacity as the representative for the Sellers
in accordance with the terms and conditions of the Business Combination Agreement.

Pursuant to the Business Combination Agreement, subject
to the terms and conditions set forth therein, at the Closing, (a) Merger Sub will merge with and into the Company, with the Company continuing
as the surviving entity (the “Merger”), as a result of which, (i) the Company shall become a wholly-owned subsidiary of Pubco,
and (ii) each issued and outstanding security of the Company immediately prior to the Effective Time (as defined in the Business Combination
Agreement) shall no longer be outstanding and shall automatically be cancelled, in exchange for the right of the holder thereof to receive
a substantially equivalent security of Pubco, and (b) Pubco shall acquire all of the issued and outstanding ordinary shares of EEW from
the Sellers in exchange for Pubco ordinary shares (the “Share Exchange”), all upon the terms and subject to the conditions
set forth in the Business Combination Agreement and in accordance with the applicable provisions of the Companies Act (Revised) of the
Cayman Islands and the laws of England and Wales (the Merger,