4//SEC Filing
Gupta Satish 4
Accession 0000899243-23-018642
CIK 0001851909other
Filed
Aug 31, 8:00 PM ET
Accepted
Sep 1, 6:30 PM ET
Size
7.6 KB
Accession
0000899243-23-018642
Insider Transaction Report
Form 4
Gupta Satish
Director
Transactions
- Other
Class B Ordinary Shares
2023-08-31−3,093,036→ 2,217,086 total(indirect: See Footnote)→ Class A Ordinary Shares (3,093,036 underlying)
Footnotes (4)
- [F1]As described in the Issuer's Registration Statement on Form S-1 (File No. 333-259502), the Class B ordinary shares of the Issuer, par value $0.0001 ("Class B Shares") will automatically convert into Class A ordinary shares of the Issuer, par value $0.0001, concurrently with or immediately following the consummation of the Issuer's initial business combination on a one-for-one basis.
- [F2]On August 31, 2023, Compass Digital SPAC LLC (the "Sponsor") transferred 3,093,036 Class B Shares to HCG Opportunity, LLC ("HCG Opportunity") pursuant to a Securities Purchase Agreement, dated as of August 30, 2023, by and between the Sponsor and HCG Opportunity (the "Securities Purchase Agreement"). The Securities Purchase Agreement provides that HCG Opportunity will cause the Issuer to pay $300,000 cash consideration upon closing of the Issuer's initial business combination at the Sponsor's direction to entities that have fees payable upon the Issuer's successful initial business combination.
- [F3]The Reporting Person's prior reports included up to 750,000 Class B Shares held directly by the Sponsor that would be surrendered to the Issuer for no consideration by the Sponsor depending on the extent to which the underwriters of the Issuer's initial public offering exercised their over-allotment option. On November 30, 2021, the Sponsor surrendered 439,878 Class B Shares as a result of the underwriters' partial exercise of their over-allotment option.
- [F4]Reflects Class B Shares held by the Sponsor. The Reporting Person is one of two members of the board of managers of the Sponsor and, as such, may be deemed to beneficially own the reported shares held by the Sponsor. The Reporting Person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
Documents
Issuer
Compass Digital Acquisition Corp.
CIK 0001851909
Entity typeother
Related Parties
1- filerCIK 0001885035
Filing Metadata
- Form type
- 4
- Filed
- Aug 31, 8:00 PM ET
- Accepted
- Sep 1, 6:30 PM ET
- Size
- 7.6 KB