Compass Digital Acquisition Corp. files proxy materials

TL;DR

Compass Digital Acquisition Corp. (DEFA14A) is sending out proxy materials. Shareholders need to pay attention.

AI Summary

Compass Digital Acquisition Corp. filed a DEFA14A, indicating it is providing definitive additional materials to shareholders. The filing is related to proxy statements under Section 14(a) of the Securities Exchange Act of 1934. Compass Digital Acquisition Corp. is a blank check company incorporated in the Cayman Islands with its fiscal year ending December 31st.

Why It Matters

This filing provides shareholders with important information regarding their voting rights and company decisions, ensuring transparency and compliance with SEC regulations.

Risk Assessment

Risk Level: low — This is a routine filing of proxy materials and does not indicate any immediate financial risk or significant corporate event.

Key Players & Entities

• Compass Digital Acquisition Corp. (company) — Registrant
• Maples Corporate Services Limited (company) — Mailing and Business Address Provider

FAQ

Key Financial Figures

• $0.0001 — LC Class A Ordinary Shares, par value $0.0001 per share CDAQ The Nasdaq Stock Mar
• $11.50 — able for one Class A Ordinary Share for $11.50 per share CDAQW The Nasdaq Stock Ma

Filing Documents

• formdefa14a.htm (DEFA14A) — 58KB
• 0001493152-24-028102.txt ( ) — 59KB

01

Item 1.01. Entry into a Material Definitive Agreement. On July 15, 2024, HCG Opportunity, LLC (the "Sponsor") and Compass Digital Acquisition Corp. (the "Company") entered into agreements (the "Non-Redemption Agreements") with unaffiliated, third-party investors in exchange for such investors agreeing not to redeem an aggregate of 500,000 of the Company's Class A ordinary shares, par value $0.0001 per share (the "Non-Redeemed Shares"), at the extraordinary general meeting in lieu of an annual general meeting of the shareholders called by the Company (the "Meeting") to approve, by special resolution, a proposal (the "Extension Amendment Proposal") to amend the Company's amended and restated memorandum and articles of association, as amended and currently in effect, to extend the date by which the Company must consummate an initial business combination from July 19, 2024 to December 19, 2024, and then on a monthly basis up to four (4) times until April 19, 2025 (or such earlier date as determined by the Company's board of directors) (the "Extension"). The Sponsor has agreed to transfer to such investors an aggregate of (i) 83,332 of the Company's Class B ordinary shares, par value $0.0001 per share (the "Class B Shares"), held by the Sponsor for the first five months of the Extension and (ii) 16,666 Class B Shares held by the Sponsor for each additional month of the Extension needed, promptly following the closing of the Company's initial business combination (but no later than two business days after the satisfaction of the requisite conditions to such transfer) if the investors do not exercise their redemption rights with respect to the Non-Redeemed Shares in connection with the Meeting and the Extension Amendment Proposal is approved. The Non-Redemption Agreements are not expected to increase the likelihood that the Extension Amendment Proposal is approved by the Company's shareholders at the Meeting, but will increase the amount of funds that remain in the Comp

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMPASS DIGITAL ACQUISITION CORP. By: /s/ Nick Geeza Name: Nick Geeza Title: Chief Financial Officer Date: July 17, 2024

View Full Filing

View this DEFA14A filing on SEC EDGAR