---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-230806"
form_type: "8-K"
ticker: "CDAQF"
cik: "0001851909"
company_name: "Compass Digital Acquisition Corp."
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T22:19:34.168293+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Compass Digital Acquisition completes sponsor transfer; HCG acquires 3.1M shares and 4.6M warrants

## Summary
- HCG Opportunity acquired 3,093,036 Class B shares and 4,645,398 private placement warrants from original sponsor.
- All prior directors and officers resigned; Daniel Hennessy appointed Chairman, Thomas Hennessy CEO, Nick Geeza CFO.
- New independent directors: Joseph Beck, Anna Brunelle, Kirk Hovde, Matt Schindel.
- Original sponsor retains 2,217,086 Class B shares; $300,000 cash to be paid to original sponsor at business combination.
- Company entered into amendment to Letter Agreement, adding HCG Opportunity as party and modifying transfer restrictions.

## SEC filing metadata
- accession: 0001193125-23-230806
- form_type: 8-K
- ticker: CDAQF
- cik: 0001851909
- company_name: Compass Digital Acquisition Corp.
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/0001193125-23-230806-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/d549009d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-230806
- JSON: https://secwatch.observer/filing/0001193125-23-230806.json
- Plain text: https://secwatch.observer/filing/0001193125-23-230806.txt

## Key facts
- Executive change
  Kirk Hovde was appointed as Independent Director at Compass Digital Acquisition Corp..
  - Action: appointed
  - Role: Independent Director
  source text: Joseph Beck, Anna Brunelle, Kirk Hovde and Matt Schindel were each appointed as independent directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/0001193125-23-230806-index.htm
- Executive change
  Joseph Beck was appointed as Independent Director at Compass Digital Acquisition Corp..
  - Action: appointed
  - Role: Independent Director
  source text: Joseph Beck, Anna Brunelle, Kirk Hovde and Matt Schindel were each appointed as independent directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/0001193125-23-230806-index.htm
- Executive change
  Matt Schindel was appointed as Independent Director at Compass Digital Acquisition Corp..
  - Action: appointed
  - Role: Independent Director
  source text: Joseph Beck, Anna Brunelle, Kirk Hovde and Matt Schindel were each appointed as independent directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/0001193125-23-230806-index.htm
- Executive change
  Thomas Hennessy was appointed as Chief Executive Officer at Compass Digital Acquisition Corp..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: (ii) Thomas Hennessy - Chief Executive Officer and Director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/0001193125-23-230806-index.htm
- Executive change
  Anna Brunelle was appointed as Independent Director at Compass Digital Acquisition Corp..
  - Action: appointed
  - Role: Independent Director
  source text: Joseph Beck, Anna Brunelle, Kirk Hovde and Matt Schindel were each appointed as independent directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/0001193125-23-230806-index.htm
- Executive change
  Nick Geeza was appointed as Chief Financial Officer at Compass Digital Acquisition Corp..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: (iii) Nick Geeza - Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/0001193125-23-230806-index.htm
- Executive change
  Daniel Hennessy was appointed as Chairman of the Board at Compass Digital Acquisition Corp..
  - Action: appointed
  - Role: Chairman of the Board
  source text: (i) Daniel Hennessy - Chairman of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000119312523230806/0001193125-23-230806-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.