Compass Digital Acquisition Corp (OTC: CDAQF) is a blank-check special purpose acquisition company (SPAC) incorporated as a Cayman Islands exempted company that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through an initial public offering completed in late 2021, with proceeds held in a Trust Account pending a qualifying acquisition. As of December 31, 2025, the Trust Account held approximately $11.67 per Public Share (before taxes payable). The company has entered into a Business Combination Agreement related to EEW Renewables Corp, a Cayman Islands exempted company, as a prospective target. HCG Opportunity, LLC, the current Sponsor led by Daniel J. Hennessy and Thomas D. Hennessy, beneficially owns approximately 57.06% of total outstanding ordinary shares as of the 10-K filed March 6, 2026. The company has no operating revenue and generates no income from commercial operations; its sole economic activity is the pursuit of a qualifying merger or acquisition.

Revenue model

No operating revenue. The company holds IPO proceeds in a Trust Account invested pending a business combination. It has no commercial revenue streams.

Products and services

Class A Ordinary Shares, Class B Ordinary Shares (Founder Shares), Public Warrants, and promissory notes issued to sponsors. The company's sole activity is sourcing and completing a business combination.

Customers and end markets

Institutional Anchor Investors and public shareholders who participated in the IPO or purchased securities in the open market. No commercial customers or end markets.

Value-chain role

SPAC sponsor vehicle. The company pools investor capital, holds it in trust, and deploys it through a single qualifying business combination transaction.

Geographic exposure

Incorporated in the Cayman Islands. Securities traded on OTC Markets (OTC: CDAQF). No disclosed operating geographic footprint.

Source: SEC 10-K, filed 2026-03-06

Industry: Blank Checks