M&A - Compass Digital Acquisition Corp.

Form Type: PRE 14A

Filing Date: 2025-03-13

Corporate Action: Merger

Type: New

Accession Number: 000149315225010116

Filing Summary: Compass Digital Acquisition Corp. is convening an extraordinary general meeting to allow shareholders to vote on several key proposals related to business operations. The first proposal, the Third Extension Amendment Proposal, seeks to extend the deadline for the company to complete a merger or similar business combination from April 19, 2025, to April 20, 2026. This proposal arises from the Board's concern that time constraints may hinder the successful closure of the planned EEW Business Combination. The second proposal, the Redemption Limitation Amendment Proposal, is designed to eliminate the existing cap restricting the redemptions of Public Shares to ensure they can redeem shares even if it jeopardizes a mandated net tangible asset threshold. Additional proposals include the Auditor Ratification Proposal to confirm WithumSmith+Brown, PC as the auditor for 2025, and an Adjournment Proposal to allow further solicitation of votes if required. The document highlights that shareholders do not vote on the Business Combination at this meeting, and clarifies that there will be no liquidation if the extensions are approved, ensuring the opportunity for further investment for shareholders. Failure to approve the extensions may lead to forced liquidation. The Board recommends voting in favor of all proposals to secure the company's operational objectives and shareholder interests.

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