{"url_path":"/sec/cdaqf/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1851909/0001493152-26-023073-index.html","accession_number":"0001493152-26-023073","cik":"0001851909","ticker":"CDAQF","issuer_name":"Compass Digital Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1851909/0001493152-26-023073-index.html","primary_entity_key":"0001851909","primary_entity_name":"Compass Digital Acquisition Corp."},"word_count":330,"has_tables":true,"body_markdown":"**Item\n2. Unregistered Sales of Equity Securities and Use of Proceeds.**\n\n \n\n**Unregistered\nSales of Equity Securities**\n\n \n\nThere\nwere no sales of unregistered securities during the quarterly period covered by the Report.\n\n \n\n**Use\nof Proceeds**\n\n \n\nFor\na description of the use of proceeds generated in our Initial Public Offering and Private Placement, see Part II, Item 2 of our Quarterly\nReport on Form 10-Q for the quarterly period ended September 30, 2021, as filed with the SEC on November 23, 2021. There has been no\nmaterial change in the planned use of proceeds from our Initial Public Offering and Private Placement as described in the IPO Registration\nStatement. The specific investments in our Trust Account may change from time to time.\n\n \n\nOn\nOctober 19, 2023, we instructed Continental to liquidate the investments held in the Trust Account and instead to hold the funds in the\nTrust Account in an interest-bearing demand deposit account at Citibank, N.A., with Continental continuing to act as trustee, until the\nearlier of the consummation of our initial Business Combination or our liquidation. As a result, following the liquidation of investments\nin the Trust Account, the remaining proceeds from the Initial Public Offering and the Private Placement are no longer invested in U.S.\ngovernment securities or money market funds invested in U.S. government securities.\n\n \n\n38\n\n \n\n \n\n**Purchases\nof Equity Securities by the Issuer and Affiliated Purchasers**\n\n \n\nThere\nwere no purchases of our equity securities by us or an affiliate during the quarterly period covered by the Report. However,\non April 14, 2026, we held the 2026 EGM to approve, among other things, the 2026 Extension Amendment Proposal. In connection with the\nvote to approve the 2026 Extension Amendment Proposal, Public Shareholders holding 10 Public Shares exercised their right to redeem such\nPublic Shares for a pro rata portion of the funds in the Trust Account. As a result of the 2026 Redemptions, approximately $118 (approximately\n$11.76 per share) was removed from the Trust Account to pay such holders."}