secwatch.observer — SEC 8-K summary
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Issuer:     Compass Digital Acquisition Corp. (CDAQF)
CIK:        0001851909
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0001213900-21-054630
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851909/000121390021054630/0001213900-21-054630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851909/000121390021054630/ea149167-8k_compassdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-054630

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