Compass Digital Acquisition Corp. raises $200M in IPO; $200M placed in trust

Compass Digital Acquisition Corp.

IPO of 20M units at $10/unit raises $200M gross; private placement of 4.67M warrants adds $7M.
Net proceeds of $200M placed in trust account for future business combination; cash outside trust $3.4M.
Balance sheet shows $203.4M assets, $15.3M liabilities, $200M Class A common subject to redemption.
SPAC must complete business combination within 24 months; public shareholders have $10/share redemption rights.

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