---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-000733"
form_type: "8-K"
ticker: "CDAQF"
cik: "0001851909"
company_name: "Compass Digital Acquisition Corp."
filed_at: "2022-01-05T23:59:59+00:00"
generated_at: "2026-06-27T20:44:36.561346+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Compass Digital Acquisition Corp. issues up to $1M promissory note to affiliate for working capital

## Summary
- Principal amount up to $1,000,000, non-interest bearing, payable upon business combination.
- Initial drawdown of $60,000 on Dec 30, 2021.
- Unpaid balance convertible into warrants at $1.50 per warrant, identical to existing private placement warrants.
- Note issued to YAS International LLC (d/b/a Gupta Capital Group), an affiliate of sponsor Compass Digital SPAC LLC.
- Waives claims against trust account; repayment from trust proceeds only upon business combination.

## SEC filing metadata
- accession: 0001213900-22-000733
- form_type: 8-K
- ticker: CDAQF
- cik: 0001851909
- company_name: Compass Digital Acquisition Corp.
- filed_at: 2022-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851909/000121390022000733/0001213900-22-000733-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851909/000121390022000733/ea153539-8k_compassdigi.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-000733
- JSON: https://secwatch.observer/filing/0001213900-22-000733.json
- Plain text: https://secwatch.observer/filing/0001213900-22-000733.txt

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