other material
confidence high
sentiment neutral
materiality 0.40
Compass Digital Acquisition Corp. sells 1.24M additional units via partial over-allotment exercise
Compass Digital Acquisition Corp.
- Underwriters purchased 1,240,488 Option Units at $10.00 each, generating $12.4M in additional gross proceeds.
- Sponsor purchased 165,398 additional private placement warrants at $1.50 per warrant in connection with the over-allotment.
- Total IPO gross proceeds increased to $212.4M from the initial $200M plus the over-allotment and private placement.