HCG Opportunity, LLC - Jul 24, 2024 Form 4 Insider Report for Compass Digital Acquisition Corp. (CDAQ)

Role
10%+ Owner
Signature
HCG Opportunity, LLC, By: HCG Opportunity MM, LLC, By: /s/ Thomas D. Hennessy, Authorized Signatory
Stock symbol
CDAQ
Transactions as of
Jul 24, 2024
Transactions value $
$0
Form type
4
Date filed
7/26/2024, 06:02 PM
Previous filing
Oct 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDAQ Class A Ordinary Shares Conversion of derivative security +1.87M +474.81% 2.26M Jul 24, 2024 Direct F1, F2

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
transaction CDAQ Class B Ordinary Shares Conversion of derivative security $0 -1.87M -69.18% $0.00 832K Jul 24, 2024 Class A Ordinary Shares 1.87M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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. On July 24, 2024, the Reporting Persons elected to convert 1,867,604 Class B Ordinary Shares held by them into 1,867,604 Class A Ordinary Shares.
F2 HCG Opportunity, LLC ("HCG Opportunity") is the record holder of the securities reported herein. HCG Opportunity MM, LLC ("HCG Opportunity MM") is the sole member of HCG Opportunity. Thomas D. Hennessy and Daniel J. Hennessy are the co-managing members of HCG Opportunity MM, serve on the Issuer's board of directors and report their beneficial ownership of the securities held directly by HCG Opportunity on separate Section 16 reports. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.