secwatch.observer — SEC 8-K summary
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Issuer:     Compass Digital Acquisition Corp. (CDAQF)
CIK:        0001851909
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001493152-23-036772
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Digital postpones SPAC extension vote to Oct 19; non-redemption deal for 140K shares
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- Non-redemption agreement with unaffiliated investor: agrees not to redeem 140,000 Class A shares; sponsor to transfer 21,000 Class B shares post-business combination.
- Extraordinary general meeting postponed to 1:00 PM ET on October 19, 2023.
- Redemption deadline extended to 5:00 PM ET on October 17, 2023.
- Trust account ~$223.41M as of Oct 5; estimated per-share redemption price $10.54 vs. prior close of $10.51.
- Shareholders to vote on extending deadline to July 19, 2024 and charter amendment for founder share conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851909/000149315223036772/0001493152-23-036772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851909/000149315223036772/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-036772

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer