secwatch.observer — SEC 8-K summary
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Issuer:     Compass Digital Acquisition Corp. (CDAQF)
CIK:        0001851909
Form:       8-K
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0000950103-21-016110
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851909/000095010321016110/0000950103-21-016110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851909/000095010321016110/dp159898_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-21-016110

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