CDAQF
Compass Digital Acquisition Corp.11.00
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
59.63MP/E (TTM)
-Basic EPS (TTM)
-0.54Dividend Yield
0%Recent Filings
10-K
FY2025 results
Compass Digital Acquisition Corp., a blank check company, ended FY2025 ended December 31, 2025 with $1.3M cash in its Trust Account at ~$11.67 per remaining 110,866 redeemable shares, down sharply after $26.7M Q4 2025 redemptions at $11.25/share amid its final extension to April 2026. No revenues; net loss $3.0M (vs $3.5M 2024) reflected $2.0M non-redemption expense and $1.1M G&A, offset by $345K Trust interest. Trust drained 95%+ via cumulative redemptions totaling ~$225M since IPO; working capital deficit hit $3.1M. Sponsors control 98% voting; KMC merger signed January 2026 eyes $230M all-stock deal. Yet failure risks liquidation.
8-K
Merger amendment sets $230M
Compass Digital Acquisition Corp. amended its merger agreement with Key Mining Corp. on February 5, 2026, fixing a scrivener's error to confirm $230 million aggregate merger consideration for all KMC securities, including in-the-money options and warrants. This clarifies the prior January 6 deal structure. Deal risks loom large.
8-K
CDAQ merges with Key Mining
Compass Digital Acquisition Corp. signed a merger agreement on January 6, 2026, to combine with Key Mining Corp. in a $230.0 million all-stock deal valued at $10.00 per share, forming Key Mining Holdings Corp. with KMC projects in Chile and the US. No lock-ups apply to issued shares, but closing hinges on $5.0 million minimum cash and approvals by June 30. Deal faces mining exploration risks.
8-K
CDAQ-KMC merger announced
Compass Digital Acquisition Corp. signed a merger agreement on January 6, 2026, with Key Mining Corp., valuing KMC at a $230 million pre-money enterprise value (pro forma $303 million). The deal creates Pubco as the public holding company for KMC's Cerro Blanco titanium project in Chile—the world's 10th largest rutile deposit—and desalination plant, expected to close H1 2026. KMC needs substantial capital. Redemptions risk low cash proceeds.
8-K
SPAC deal terminated
Compass Digital Acquisition Corp. terminated its Business Combination Agreement with EEW Renewables on November 17, 2025, citing EEW's material uncured breaches after refuting EEW's earlier termination notice. The company seeks compensation for losses from EEW's breaches. Deal-related lock-up, sponsor, and non-compete pacts ended too. Termination hits now.
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