{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-001853","form_type":"8-K","ticker":"CDAQF","cik":"0001851909","company_name":"Compass Digital Acquisition Corp.","filed_at":"2026-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.538173+00:00","generated_at":"2026-05-16T10:57:06.207256+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Compass Digital Acquisition Corp. enters merger with Key Mining Corp. in $230M stock deal","bullets":["Merger consideration of $230M payable in Pubco common stock valued at $10.00 per share.","KMC stockholders receive Pubco shares; no post-closing lock-up on Pubco securities issued to KMC holders.","Closing requires minimum cash of $5.0M after redemptions, SEC effectiveness of S-4, and shareholder approvals.","No termination fee; parties bear own expenses except 50/50 split of filing fees unless material breach.","Sponsor agrees to convert $2.5M promissory note into CDAQ Class A shares at $10.00 per share at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-001853","json":"https://secwatch.observer/filing/0001493152-26-001853.json","markdown":"https://secwatch.observer/filing/0001493152-26-001853.md","text":"https://secwatch.observer/filing/0001493152-26-001853.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1851909/000149315226001853/0001493152-26-001853-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1851909/000149315226001853/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:57:06.207256+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d488d506247b15d94e20f42ec1216784fe88652","claim":"Compass Digital Acquisition Corp. entered into Merger Agreement with Key Mining Corp. valued at $230.0 million (effective 2026-01-06).","evidence_excerpt":"On January 6, 2026, Compass Digital Acquisition Corp., a Cayman Islands exempted company (\" CDAQ \"), entered into an agreement and plan of merger (the \" Merger Agreement \") with Titan Holdings Corp., a newly formed Delaware corporation and a direct wholly-owned subsidiary of CDAQ (\" Pubco \"), Titan SPAC Merger Sub Corp., a newly formed Cayman Islands exempted company and a direct wholly-owned subsidiary of Pubco (\" Purchaser Merger Sub \"), Titan Merger Sub Inc., a newly formed Delaware corporation and a direct wholly-owned subsidiary of Pubco (\" Company Merger Sub \" and, together with the Purchaser Merger Sub, the \" Merger Subs \"), and Key Mining Corp., a Delaware corporation (\" KMC \")","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851909/000149315226001853/0001493152-26-001853-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Key Mining Corp."},{"label":"Value","value":"$230.0 million"},{"label":"Effective","value":"2026-01-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}