Compass Digital enters up to $2.5M promissory note with sponsor for working capital

Compass Digital Acquisition Corp.

Note principal up to $2.5M; $415K already advanced by sponsor HCG Opportunity, LLC.
Note bears no interest; repayable upon business combination or company liquidation.
Up to $1.375M of unpaid principal may convert into warrants at $1.50 per warrant, identical to IPO private-placement warrants.
Funds used for working capital expenses prior to initial business combination.
Conversion warrants carry registration rights under existing Registration Rights Agreement.

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