Here are the 10-Q quarterly reports from Compass Digital Acq UTS (CDAUF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CDAUF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CDAUF filings page.
Compass Digital Acquisition Corp., a SPAC, reported a net loss of $2,629,949 for the quarter ended March 31, 2026, significantly higher than the $483,071 loss a year earlier. The wider loss mainly reflects a $1,905,957 non-cash loss from the change in fair value of derivative warrant liabilities and higher general and administrative expenses.
Cash held in the Trust Account was $1,302,409, while operating cash was only $16,575, contributing to a working capital deficit of $3,819,487. Management states that these liquidity constraints and the July 20, 2026 deadline to complete a Business Combination raise substantial doubt about the company’s ability to continue as a going concern.
The company has entered into a proposed Business Combination with Key Mining Corp. under the KMC Merger Agreement, with aggregate consideration of $230 million payable in Pubco common stock valued at $10.00 per share. Completion of this transaction, and use of existing Working Capital Loans and the Polar Capital Investment, are central to its plan to avoid liquidation.
Compass Digital Acquisition Corp. filed its Q3 2025 10‑Q, reporting a net loss of $2,051,400 for the quarter and $2,948,789 for the nine months. The balance sheet shows cash of $721 and $1,283,558 remaining in the Trust Account after 2025 redemptions removed approximately $26.7 million. Current liabilities rose to $9,050,038, including a non‑redemption liability of $6,025,173, working capital loans of $1,760,872, and warrant liabilities of $595,611. The company reported a working capital deficit of $2,891,890.
Management disclosed “substantial doubt” about the company’s ability to continue as a going concern, given limited liquidity and the need to complete a business combination by April 20, 2026. The company entered into a Business Combination Agreement with EEW Renewables; on November 3, 2025 EEW sent a notice purporting to terminate, which the company disputes. As of November 12, 2025, there were 3,310,866 Class A shares and 2,110,122 Class B shares issued and outstanding.