---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-054630"
form_type: "8-K"
ticker: "CDAQF"
cik: "0001851909"
company_name: "Compass Digital Acquisition Corp."
filed_at: "2021-10-26T23:59:59+00:00"
generated_at: "2026-06-28T18:08:57.102377+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-21-054630
- form_type: 8-K
- ticker: CDAQF
- cik: 0001851909
- company_name: Compass Digital Acquisition Corp.
- filed_at: 2021-10-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851909/000121390021054630/0001213900-21-054630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851909/000121390021054630/ea149167-8k_compassdigital.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-054630
- JSON: https://secwatch.observer/filing/0001213900-21-054630.json
- Plain text: https://secwatch.observer/filing/0001213900-21-054630.txt

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