Polar Asset Reports 3.0% Stake in Compass Digital Acquisition (CDAQU)

Rhea-AI Filing Summary

Compass Digital Acquisition Corp. is the subject of a Schedule 13G/A filed by Polar Asset Management Partners Inc., which reports beneficial ownership of 100,000 Class A ordinary shares representing 3.0% of the class. The filer states sole voting and sole dispositive power over these shares and identifies itself as the investment adviser to Polar Multi-Strategy Master Fund with respect to the shares directly held by that fund. The filing characterizes the position as held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Positive

• Transparent disclosure of ownership and voting/dispositive authority for 100,000 shares (3.0%)
• Adviser relationship to Polar Multi‑Strategy Master Fund is clearly identified

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine passive 13G/A showing a non‑controlling 3.0% stake; limited near‑term market impact.

Polar Asset Management reports beneficial ownership of 100,000 shares (3.0%) of Compass Digital Acquisition Corp. The filer asserts sole voting and dispositive power and that the stake is held in the ordinary course of business, indicating a passive investment rather than an activist or control-seeking position. For investors, a sub‑5% holding typically signals transparency without governance implications.

Corporate Governance Expert

TL;DR: Disclosure confirms voting/control rights for a small, passive position; no governance change implied.

The Schedule 13G/A discloses that Polar Asset Management has sole voting and dispositive authority over 100,000 Class A shares and identifies its advisory relationship to Polar Multi‑Strategy Master Fund. The filing explicitly states the shares are not held to influence issuer control, which, combined with the 3.0% ownership level, suggests no imminent board or control actions arising from this position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Compass Digital Acquisition Corp

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G2476C107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G2476C107

1

Names of Reporting Persons

Polar Asset Management Partners Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 100,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 100,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

100,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Compass Digital Acquisition Corp
(b)	Address of issuer's principal executive offices: 195 US HWY 50, Suite 309, Zephyr Cove, NV, 89448
Item 2.
(a)	Name of person filing: This statement is filed by Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, which serves as the investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") with respect to the shares directly held by PMSMF.
(b)	Address or principal business office or, if none, residence: 16 York Street, Suite 2900, Toronto, Ontario, M5J 0E6
(c)	Citizenship: Canada
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G2476C107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	The Reporting Person is an investment fund manager, portfolio manager, exempt market dealer and commodity trading manager registered with the Ontario Securities Commission.
Item 4.	Ownership
(a)	Amount beneficially owned: 100000
(b)	Percent of class: 3.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 100000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 100000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Polar Asset Management Partners Inc.

Signature:	Andrew Ma
Name/Title:	Chief Compliance Officer
Date:	08/14/2025

FAQ

Who filed the Schedule 13G/A for CDAQU?

The filing was made by Polar Asset Management Partners Inc.

How many Compass Digital (CDAQU) shares does Polar beneficially own?

100,000 shares, representing 3.0% of the Class A ordinary shares

Does Polar have voting or dispositive power over the shares?

Yes; the filer reports sole voting power and sole dispositive power over the 100,000 shares

Is this ownership reported as an activist or control position?

No; the filing states the shares are held in the ordinary course of business and not to change or influence control

Was the position held on behalf of another fund?

Polar serves as investment adviser to Polar Multi‑Strategy Master Fund with respect to the shares directly held by that fund