secwatch.observer — SEC 8-K summary
======================================

Issuer:     Compass Digital Acquisition Corp. (CDAQF)
CIK:        0001851909
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001493152-23-037771
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851909/000149315223037771/0001493152-23-037771-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851909/000149315223037771/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-037771

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