---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-033934"
form_type: "8-K"
ticker: "CDAQF"
cik: "0001851909"
company_name: "Compass Digital Acquisition Corp."
filed_at: "2026-07-20T21:10:28+00:00"
generated_at: "2026-07-20T21:12:06.605500+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-033934
- form_type: 8-K
- ticker: CDAQF
- cik: 0001851909
- company_name: Compass Digital Acquisition Corp.
- filed_at: 2026-07-20T21:10:28+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.02, 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1851909/000149315226033934/0001493152-26-033934-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1851909/000149315226033934/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-033934
- JSON: https://secwatch.observer/filing/0001493152-26-033934.json
- Plain text: https://secwatch.observer/filing/0001493152-26-033934.txt

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