secwatch.observer — SEC 8-K summary
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Issuer:     Compass Digital Acquisition Corp. (CDAQF)
CIK:        0001851909
Form:       8-K
Filed at:   2026-01-12T23:59:59+00:00
Accession:  0001493152-26-001853
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851909/000149315226001853/0001493152-26-001853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851909/000149315226001853/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-001853

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