Compass Digital SPAC extends deadline to July 2024; ~$169M redeemed from trust

Compass Digital Acquisition Corp.

Shareholders approved extension of business combination deadline from Oct 19, 2023 to July 19, 2024.
Shareholders approved amendment allowing Class B to Class A conversion at any time before closing.
16.05M Class A shares redeemed for ~$169.1M ($10.54/share); outstanding Class A reduced to 5.19M shares.
Sponsors converted 600K Class B shares to Class A, waiving trust account rights for those shares.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Compass Digital Acquisition Corp.: Approved Extension Amendment to extend business combination deadline from October 19, 2023 to July 19, 2024 (effective 2023-10-19).

Change: charter amendment
Effective: 2023-10-19

Exact text from the filing

Effective upon the approval of the Article Amendment Proposals, on October 11, 2023, the amended and restated articles of association of the Company were amended pursuant to the resolutions set forth as Annex A and Annex B to the definitive proxy statement relating to the Shareholder Meeting filed by the Company with the Securities and Exchange Commission on September 29, 2023.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Compass Digital Acquisition Corp.: Approved Founder Share Amendment to permit conversion of Class B ordinary shares to Class A ordinary shares on a one-for-one basis before business combination closing (effective 2023-10-19).

Change: charter amendment
Effective: 2023-10-19

Exact text from the filing

Effective upon the approval of the Article Amendment Proposals, on October 11, 2023, the amended and restated articles of association of the Company were amended pursuant to the resolutions set forth as Annex A and Annex B to the definitive proxy statement relating to the Shareholder Meeting filed by the Company with the Securities and Exchange Commission on September 29, 2023.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Compass Digital Acquisition Corp. shareholders approved Founder Share Amendment Proposal at the 2023-10-19 meeting.

Outcome: passed
Meeting: 2023-10-19

Exact text from the filing

Founder Share Amendment Proposal For Against Abstain 20,470,510 830,275 22

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Compass Digital Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-10-19 meeting.

Outcome: passed
Meeting: 2023-10-19

Exact text from the filing

Extension Amendment Proposal For Against Abstain 20,470,532 830,275 0

View on SEC.gov

13 governance changes filed in the last 30 days. Browse all governance changes →

Compass Digital Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-037771

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