CDAQF
Compass Digital Acquisition Corp.11.00
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
59.63MP/E (TTM)
-Basic EPS (TTM)
-0.54Dividend Yield
0%Recent Filings
8-K
8-K
10-Q
Q2 FY2025 results
Compass Digital Acquisition Corp. posted a net loss of $414K for Q2 FY2025 ended June 30, 2025, down from $475K income a year earlier, driven by a $127K operating loss on $97K general and administrative expenses plus $30K related-party fees, while fair-value gains on warrants swung to a $353K loss from a $382K gain. Y/Y, the operating loss narrowed 77% (derived), but interest from the Trust Account dropped to $81K from $639K amid heavy redemptions. Cash dwindled to $1.5K with a $2.7M working capital deficit, offset by $1.3M in the Trust and $1.7M in sponsor loans; free cash flow not disclosed in the 10-Q. On September 5, 2024, it inked a merger with EEW Renewables Ltd for $300M in stock, eyeing renewables exposure. Yet sponsor control risks dilution for public holders.
10-Q
Q1 FY2025 results
Compass Digital Acquisition Corp. posted a net loss of $483,071 for Q1 FY2025 ended March 31, 2025, up from $113,190 a year earlier, driven by higher operating expenses of $460,342 versus $207,696 (derived y/y increase of 121.7%) while interest from the Trust Account fell to $242,531 from $631,967 amid lower balances post-redemptions. Operating loss widened to $490,342 from $237,696, but non-operating gains included a $111,374 positive shift in non-redemption liability fair value; net loss exceeded operating loss due to a $123,886 adverse warrant valuation change. Diluted EPS held at $(0.06) across share classes, reconciling to 7,791,607 weighted shares and no anti-dilution. Cash dwindled to $1,403 with a $2.57M working capital deficit, offset by $27.9M in the Trust Account and $1.51M in related-party Working Capital Loans (non-interest bearing, convertible to warrants at $1.50); no free cash flow as capex absent. On September 5, 2024, the company inked a Business Combination Agreement for a merger with EEW Renewables Ltd, valuing the deal at $300M in Pubco shares plus up to 4.2M earnout shares tied to share price or EBITDA milestones, with closing targeted post-regulatory nods. Yet regulatory hurdles in renewables could delay or derail the tie-up.
8-K
SPAC deadline extended one year
Compass Digital Acquisition Corp. extended its deadline to complete a business combination from April 19, 2025, to April 19, 2026, after shareholders unanimously approved the amendment on April 16, 2025, effective April 22. They also lifted the $5 million net tangible asset redemption limit, triggering $26.7 million in redemptions that left just 110,866 public shares outstanding. This buys time for a deal, but shrinks the trust significantly.
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