0001851909 false 00-0000000 0001851909 2021-12-03 2021-12-03 0001851909 CDAQU:ClassOrdinarySharesIncludedAsPartOfUnitsParValue0.0001PerShareMember 2021-12-03 2021-12-03 0001851909 CDAQU:RedeemableWarrantsToAcquireOneClassOrdinaryShareIncludedAsPartOfUnitsMember 2021-12-03 2021-12-03 0001851909 CDAQU:UnitsEachConsistingOfOneClassOrdinaryShareAndOnethirdOfRedeemableWarrantToAcquireOneClassOrdinaryShareMember 2021-12-03 2021-12-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

December 3, 2021

 

COMPASS DIGITAL ACQUISITION CORP.
(Exact Name of Registrant as Specified in its Charter)

 

Cayman Islands   001-40912   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

3626 N Hall St, Suite 910
Dallas, Texas

 

 

75219

(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 214-526-4423

 

Not Applicable
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which
registered
Class A ordinary shares included as part of the Units, par value $0.0001 per share   CDAQ   The Nasdaq Capital Market
Redeemable warrants to acquire one Class A ordinary share included as part of the Units   CDAQW   The Nasdaq Capital Market
Units, each consisting of one Class A ordinary share and one-third of a redeemable warrant to acquire one Class A ordinary share   CDAQU   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 

 

 

 

Item 8.01 Other Events.

 

As described in the prospectus for the initial public offering of Compass Digital Acquisition Corp. (the “Company”), holders of the Company’s units (the “Units”) may elect to separately trade the Class A ordinary shares and warrants included in the Units commencing on December 6, 2021. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those Units not separated will continue to trade on The Nasdaq Global Market, or Nasdaq, under the symbol “CDAQU,” and each of the Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “CDAQ” and “CDAQW,” respectively.

 

This report may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this report are forward-looking statements. When used in this report, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of such filings are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

1

 

 

Item 9.01. Financial Statements and Exhibits 

 

INDEX TO EXHIBITS

 

Exhibit No.   Description
99.1   Press Release, dated December 3, 2021
104  

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: December 3, 2021

 

 

COMPASS DIGITAL ACQUISITION CORP.

   
  By: /s/ Burhan Jaffer
    Burhan Jaffer
    Chief Financial Officer

 

3