secwatch.observer — SEC 8-K summary
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Issuer:     Compass Digital Acquisition Corp. (CDAQF)
CIK:        0001851909
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001193125-23-216641
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851909/000119312523216641/0001193125-23-216641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851909/000119312523216641/d509242d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-216641

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