Key facts
- This page summarizes Compass Digital SPAC LLC's Form 4 filing for Compass Digital Acquisition Corp. (CDAQF).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 01 Sep 2023, 18:30.
Compass Digital SPAC LLC - 31 Aug 2023 Form 4 Insider Report for Compass Digital Acquisition Corp. (CDAQF)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- CDAQF
- Reported as of
- 31 Aug 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 01 Sep 2023, 18:30:14 UTC
- Prior SEC filing
- 14 Oct 2021
- Next SEC filing
- 30 Oct 2023
- Source filing
- View source filing
- Reporting owner signature
- By: /s/ Compass Digital SPAC LLC, By: Abidali Neemuchwala, its Authorized Signatory
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Compass Digital SPAC LLC filed Form 4 for Compass Digital Acquisition Corp. (CDAQF) on 01 Sep 2023.
Change
- Previous filing in this sequence was filed on 14 Oct 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CDAQ
transaction
Derivative
Class B Ordinary Shares
Other
- Transaction value
- Shares
- -3,093,036
- Change %
- -58%
- Price
- Shares after
- 2,217,086
- Date
- 31 Aug 2023
- Ownership
- Direct
- Underlying class
- Class A Ordinary Shares
- Underlying amount
- 3,093,036
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Compass Digital SPAC LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
As described in the Issuer's Registration Statement on Form S-1 (File No. 333-259502), the Class B ordinary shares of the Issuer, par value $0.0001 ("Class B Shares") will automatically convert into Class A ordinary shares of the Issuer, par value $0.0001, concurrently with or immediately following the consummation of the Issuer's initial business combination on a one-for-one basis.
Footnote F2
On August 31, 2023, the Reporting Person transferred 3,093,036 Class B Shares to HCG Opportunity, LLC ("HCG Opportunity") pursuant to a Securities Purchase Agreement, dated as of August 30, 2023, by and between the Reporting Person and HCG Opportunity (the "Securities Purchase Agreement"). The Securities Purchase Agreement provides that HCG Opportunity will cause the Issuer to pay $300,000 cash consideration upon closing of the Issuer's initial business combination at the Reporting Person's direction to entities that have fees payable upon the Issuer's successful initial business combination.
Footnote F3
The Reporting Person's prior reports included up to 750,000 Class B Shares held directly by the Reporting Person that would be surrendered to the Issuer for no consideration by the Reporting Person depending on the extent to which the underwriters of the Issuer's initial public offering exercised their over-allotment option. On November 30, 2021, the Reporting Person surrendered 439,878 Class B Shares as a result of the underwriters' partial exercise of their over-allotment option.