The stock is now a liquidation stub. Public shareholders should expect a cash redemption of their pro rata trust proceeds within ten business days of the instruction to the trustee. Warrants are worthless. There is no further upside or catalyst; the only remaining action is the distribution.
Price Chart
Executive Summary
Compass Digital Acquisition Corp. (CDAQF) is liquidating after its merger with Key Mining Corp. was terminated on July 14, 2026, due to unmet closing conditions by the June 30, 2026 outside date. The board has decided not to seek further extensions, and will redeem public shares from the trust account, with warrants expiring worthless. The stock is a terminal liquidation vehicle with no remaining business prospects.
Key Facts
- Merger agreement with Key Mining Corp. terminated by KMC on July 14, 2026, due to unmet closing conditions.
- Shareholders approved an indefinite adjournment of the extraordinary general meeting on July 15, 2026.
- Extension proposal to push the business combination deadline to January 20, 2027 was not presented.
- Board will not extend the July 20, 2026 deadline; company will redeem public shares, liquidate the trust, and dissolve.
- Warrants will expire worthless with no redemption rights or liquidating distributions.
- Sponsors (Compass Digital SPAC LLC and HCG Opportunity, LLC) waived redemption rights on Class B and converted Class A shares.
Financial Impact
Public shareholders will receive their pro rata portion of the trust account (aggregate amount on deposit including interest, less up to $50,000 for dissolution expenses and taxes). Warrants expire worthless. No specific dollar amount for the trust is provided.
Risk Factors
- Warrants expire worthless with no recovery.
- Redemption amount may be less than the trust's gross value due to dissolution expenses (up to $50,000) and taxes.
- No ongoing business or alternative transaction; complete loss of equity value for any holder above the trust redemption price.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-033934 |
| Document: 0001493152-26-033934-index-headers.html | 0001493152-26-033934 |
| Document: 0001493152-26-033934-index.html | 0001493152-26-033934 |
| Document: 0001493152-26-033934.txt | 0001493152-26-033934 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 11w ago | 15-12G | $11.00 | awaiting T+5 | — | — |
Jul 20, 2026 14w ago | 425 | $11.00 $11.00 | · 0.00% | ▼ −0.99% | — |
Jul 20, 2026 14w ago | 8-K | $11.00 $11.00 | · 0.00% | ▼ −0.99% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers