---
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"
generated_at: "2026-05-16T10:57:06.207256+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Compass Digital Acquisition Corp. enters merger with Key Mining Corp. in $230M stock deal

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-001853
- JSON: https://secwatch.observer/filing/0001493152-26-001853.json
- Plain text: https://secwatch.observer/filing/0001493152-26-001853.txt

## Key facts
- Material Agreements
  Compass Digital Acquisition Corp. entered into Merger Agreement with Key Mining Corp. valued at $230.0 million (effective 2026-01-06).
  - Action: entry
  - Agreement: merger
  - Counterparty: Key Mining Corp.
  - Value: $230.0 million
  - Effective: 2026-01-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1851909/000149315226001853/0001493152-26-001853-index.htm

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