Compass Digital SPAC LLC - 25 Oct 2023 Form 3 Insider Report for Compass Digital Acquisition Corp. (CDAQF)

Role
10%+ Owner
Signature
By: /s/ Compass Digital SPAC LLC, By: Abidali Neemuchwala, its Authorized Signatory
Issuer symbol
CDAQF
Transactions as of
25 Oct 2023
Net transactions value
$0
Form type
3
Filing time
30 Oct 2023, 21:54:26 UTC
Previous filing
01 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CDAQ Class A Ordinary Shares 206,663 25 Oct 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CDAQ Class B Ordinary Shares 25 Oct 2023 Class A Ordinary Shares 2,010,423 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 3 is being filed by Compass Digital SPAC LLC (the "Reporting Person"). The Reporting Person is the record holder of such shares, and is controlled by a board of managers consisting of entities controlled by Abidali Neemuchwala and Satish Gupta. Each member of the board of managers of the Reporting Person has one vote, and the approval of both managers is required to approve an action of the Reporting Person. If both managers cannot agree on a matter, then the matter must be submitted to Abidali Neemuchwala, Satish Gupta, Vikram S. Pandit and Steve Freiberg for approval, with the holders of a majority of the Class B Ordinary Shares interests held by the four members through the Reporting Person being required for any such approval.
F2 The Class B Ordinary Shares are convertible, at the option of the holder, into Class A Ordinary Shares on a one-for-one basis, for no additional consideration, and have no expiration date.

Remarks:

On October 25, 2023, an aggregate of 16,045,860 Class A Ordinary Shares was redeemed for a pro rata portion of the funds in Compass Digital Acquisition Corp.'s trust account. As a result of such redemption, the Reporting Person's beneficial ownership of Compass Digital Acquisition Corp.'s shares outstanding increased to 20.1%.