Welcome to our dedicated page for Compass Digital news (Ticker: CDAQF), a resource for investors and traders seeking the latest updates and insights on Compass Digital stock.
Compass Digital Acquisition Corp. (CDAQF) is a special purpose acquisition company that reports its transaction activity and corporate developments through news releases and SEC filings. The most recent major news concerns its entry into a definitive merger agreement with Key Mining Corp., an exploration stage global critical minerals and infrastructure company with projects in Chile and the United States.
News about Compass Digital Acquisition Corp. now centers on the proposed business combination with Key Mining Corp. and the creation of a new public holding company, expected to be named Key Mining Holdings Corp. Coverage includes announcements of the merger agreement, descriptions of the planned structure in which Compass Digital Acquisition Corp. and Key Mining Corp. will become wholly owned subsidiaries of a Delaware holding company, and plans for listing the holding company’s securities on a national securities exchange, subject to approvals.
Earlier news items also document Compass Digital Acquisition Corp.’s prior business combination agreement with EEW Renewables Ltd. and the subsequent termination of that agreement, as reported in Form 8-K filings. These updates provide context on the company’s transaction history, including disputes over termination rights and the eventual decision by Compass Digital Acquisition Corp. to terminate the EEW Renewables Ltd. agreement due to alleged material uncured breaches.
Investors and observers following CDAQF-related news can expect updates on the progress of the Key Mining Corp. transaction, such as filing of the Form S-4 registration statement, proxy materials for shareholder votes, and satisfaction of closing conditions. News may also highlight risk factor discussions and forward-looking statements related to the exploration-stage mining and desalination projects that form part of the combined company’s asset base.
Key Mining Corp (OTC: CDAQF) and Compass Digital Acquisition Corp. announced a definitive merger agreement to create a public company combining KMC’s critical-minerals assets with CDAQ’s SPAC vehicle.
Key terms: pre-money enterprise value $230 million, pro forma enterprise value $303 million (assuming $20 million gross trust proceeds) and estimated $15 million net cash proceeds after ~ $5 million in transaction fees. The deal expects closing in 1H 2026, subject to shareholder approvals and a national exchange listing.
Notable assets: Cerro Blanco rutile deposit (Measured & Indicated 107Mt at 1.78% TiO2), 25,773 meters drilled, S-K 1300 report, and a near ready-to-build desalination plant with an approved Environmental Impact Study.
