Compass Digital Acquisition Corp. announces change of sponsor and entire board; new team led by Daniel Hennessy

Compass Digital Acquisition Corp.

HCG Opportunity to acquire 3,093,036 Class B shares and 3,000,000 private placement warrants from Sponsor.
Current directors and officers resign; new appointments: Daniel Hennessy (Chairman), Thomas Hennessy (CEO), Nick Geeza (CFO), and three independent directors.
Definitive agreement to be signed by Aug 28, closing by Aug 31, 2023, subject to conditions including D&O insurance and underwriting fee waivers.
Sponsor retains 1,645,398 private placement warrants and 2,217,086 Class B shares after the transfer.

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