secwatch.observer — SEC 8-K summary
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Issuer:     Compass Digital Acquisition Corp. (CDAQF)
CIK:        0001851909
Form:       8-K
Filed at:   2026-07-20T21:10:28+00:00
Accession:  0001493152-26-033934
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.02, 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851909/000149315226033934/0001493152-26-033934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851909/000149315226033934/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-033934

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