Compass Digital Acquisition Corp. closes $200M IPO and $7M private placement

Compass Digital Acquisition Corp.

Priced and closed IPO of 20M units at $10.00/unit for gross proceeds of $200M; units to trade under CDAQU on Nasdaq.
Concurrently placed 4,666,667 private placement warrants to Sponsor at $1.50/warrant for $7M gross.
Net proceeds of $200M placed in trust account at J.P. Morgan until initial business combination or redemption.
Company targets technology sector businesses, with focus on digital transformation software/services in developed markets.
Leadership: CEO Abidali Neemuchwala (ex-Wipro CEO); CFO Burhan Jaffer; senior advisor Vikram Pandit.

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