---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-047164"
form_type: "8-K"
ticker: "CDAQF"
cik: "0001851909"
company_name: "Compass Digital Acquisition Corp."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:06:00.276044+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-047164
- form_type: 8-K
- ticker: CDAQF
- cik: 0001851909
- company_name: Compass Digital Acquisition Corp.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851909/000149315224047164/0001493152-24-047164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851909/000149315224047164/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-047164
- JSON: https://secwatch.observer/filing/0001493152-24-047164.json
- Plain text: https://secwatch.observer/filing/0001493152-24-047164.txt

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