v3.25.4
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION
12 Months Ended
Dec. 31, 2025
Class Ordinary Shares Subject To Possible Redemption  
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION

NOTE 8 - CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION

 

The Class A Ordinary Shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 200,000,000 Class A Ordinary Shares with a par value of $0.0001 per share. Holders of the Class A Ordinary Shares are entitled to one vote for each share. As of December 31, 2025 and 2024, there were 3,310,866 and 5,681,485 Class A Ordinary Shares outstanding, respectively, of which 110,866 and 2,481,485, respectively, were subject to possible redemption and classified outside of permanent equity in the Company’s consolidated balance sheets.

 

The reconciliation of Class A Ordinary Shares subject to possible redemption is as follows:

 

Class A Ordinary Shares subject to possible redemption at December 31, 2023  $55,347,556 
Plus:     
Accretion of Class A Ordinary Shares to redemption value   1,928,109 
Less:     
Redemption of Class A Ordinary Shares   (29,638,365)
Class A Ordinary Shares subject to possible redemption at December 31, 2024   27,637,300 
Plus:     
Accretion of Class A Ordinary Shares to redemption value   344,811 
Less:     
Redemption of Class A Ordinary Shares   (26,688,615)
Class A Ordinary Shares subject to possible redemption at December 31, 2025  $1,293,496 

 

 

COMPASS DIGITAL ACQUISITION CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2025