---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037771"
form_type: "8-K"
ticker: "CDAQF"
cik: "0001851909"
company_name: "Compass Digital Acquisition Corp."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:59:55.731273+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-037771
- form_type: 8-K
- ticker: CDAQF
- cik: 0001851909
- company_name: Compass Digital Acquisition Corp.
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851909/000149315223037771/0001493152-23-037771-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851909/000149315223037771/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037771
- JSON: https://secwatch.observer/filing/0001493152-23-037771.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037771.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000149315223037771/0001493152-23-037771-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000149315223037771/0001493152-23-037771-index.htm
- Shareholder Votes
  Compass Digital Acquisition Corp. shareholders approved Founder Share Amendment Proposal at the 2023-10-19 meeting.
  - Outcome: passed
  - Meeting: 2023-10-19
  source text: Founder Share Amendment Proposal For Against Abstain 20,470,510 830,275 22
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000149315223037771/0001493152-23-037771-index.htm
- Shareholder Votes
  Compass Digital Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-10-19 meeting.
  - Outcome: passed
  - Meeting: 2023-10-19
  source text: Extension Amendment Proposal For Against Abstain 20,470,532 830,275 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1851909/000149315223037771/0001493152-23-037771-index.htm

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