Compass Digital Acquisition Corp. terminates merger with Key Mining, to liquidate and dissolve

Compass Digital Acquisition Corp.

• Merger Agreement with Key Mining Corp. terminated by KMC on July 14, 2026 due to unmet closing conditions by June 30 outside date.
• Shareholders approved adjournment indefinitely on July 15, 2026; extension proposal not presented, deadline remains July 20, 2026.
• Board decides to redeem public shares, liquidate trust account, and dissolve company; warrants expire worthless.
• Redemption amount expected within 10 business days; sponsors waive redemption rights on Class B shares.
• Proceeds from trust account, less up to $50,000 interest for dissolution expenses, to be distributed pro rata to public shareholders.