{"url_path":"/sec/cdaqf/8-k/2026-07-20/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/1851909/0001493152-26-033934-index.html","accession_number":"0001493152-26-033934","cik":"0001851909","ticker":"CDAQF","issuer_name":"Compass Digital Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1851909/0001493152-26-033934-index.html","primary_entity_key":"0001851909","primary_entity_name":"Compass Digital Acquisition Corp."},"word_count":568,"has_tables":true,"body_markdown":"**Item\n8.01. Other Events.**\n\n \n\nIn\nview of the termination of the Merger Agreement and the July 20, 2026 expiration date, the board of directors of the Company (the “**Board**”)\nhas determined that it is in the best interests of the Company’s shareholders for the Company\nnot to extend further the date by which the Company must consummate an initial business\ncombination and instead to (i) cease all operations except for the purpose of winding up as soon as practicable, (ii) as promptly\nas reasonably possible redeem the Class A ordinary shares (the “**Public Shares**”) that were included in the units issued\nin the Company’s initial public offering (the “**IPO**”) at a per-share price, payable in cash, equal to the aggregate\namount then on deposit in the trust account established in connection with the IPO (the “**Trust Account**”) including\ninterest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes (up to $50,000 of\ninterest to pay dissolution expenses), divided by the number of outstanding Public Shares, which redemption will completely extinguish\npublic shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject\nto applicable law (the “**Redemption**”), and (iii) as promptly as reasonably possible following the Redemption, subject\nto the approval of the Company’s remaining shareholders and the Board, liquidate the funds held in the Trust Account (the “**Liquidation**”)\nand dissolve the Company (the “**Dissolution**”), subject in each case to its obligations under Cayman Islands law to\nprovide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions\nwith respect to the Company’s warrants, which will expire worthless. The Company’s original sponsor, Compass Digital SPAC\nLLC, a Delaware limited liability company, and the Company’s current sponsor, HCG Opportunity, LLC, a Delaware limited liability\ncompany, have agreed to waive their redemption rights with respect to the Class B ordinary shares\nof the Company issued prior to the IPO, including the Class A ordinary shares previously issued upon conversion of the Class B ordinary\nshares.\n\n \n\nIn\norder to provide for the disbursement of funds from the Trust Account, the Company will instruct Continental Stock Transfer & Trust\nCompany (“**Continental**”), as its trustee, to take all necessary actions to effect the Liquidation. The proceeds thereof,\nless up to $50,000 of interest to pay Dissolution expenses and net of taxes payable, will be held in an operating account while awaiting\ndisbursement to the holders of the Public Shares. All other costs and expenses associated with implementing the Dissolution will be funded\nfrom proceeds held outside of the Trust Account. Record holders of Public Shares will receive their pro rata portion of the proceeds\nof the Trust Account by delivering their Public Shares to Continental, the Company’s transfer agent. Beneficial owners of Public\nShares held in “street name,” however, will not need to take any action in order to receive the Redemption Amount. The Redemption\nAmount is expected to be paid out within ten business days after the instruction to Continental to commence the Redemption and the Liquidation.\n\n \n\n \n\n \n\n** **\n\n**SIGNATURES**\n\n \n\nPursuant\nto the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by\nthe undersigned hereunto duly authorized.\n\n \n\n \n**COMPASS\nDIGITAL ACQUISITION CORP.**\n\n \n \n\n \nBy:\n*/s/\nNick Geeza*\n\n \nName:\n\nNick\nGeeza\n\n \nTitle:\nChief\nFinancial Officer\n\n \n\nDate:\nJuly 20, 2026"}