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

Issuer:     Compass Digital Acquisition Corp. (CDAQF)
CIK:        0001851909
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001493152-24-028941
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Compass Digital shareholders approve SPAC extension to Dec 19, 2024; ~$29.6M redeemed
--------------------------------------------------------------------------------

- Extension Amendment approved: combination period extended from July 19, 2024 to Dec 19, 2024, with monthly options to April 19, 2025.
- Holders of 2,713,143 Class A shares redeemed at ~$10.92/share for aggregate ~$29.6 million.
- Non-redemption agreements with third-party investors covering 2,475,000 shares; Sponsor to transfer up to 494,996 Class B shares.
- Sponsors converted 2,600,000 Class B shares to Class A; resulting in 5,681,485 Class A and 2,110,122 Class B outstanding.
- Auditor ratification (WithumSmith+Brown, PC) approved with 9,156,909 votes for.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851909/000149315224028941/0001493152-24-028941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851909/000149315224028941/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-028941

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