- Business
- Compass Digital Acquisition Corp. (Nasdaq: CDAQ) is a blank check company focused on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting technology-enabled companies in digital transformation software and services; it offers no current operational products or services beyond its SPAC structure. Founded in 2021 and headquartered in Zephyr Cove, Nevada, with prior offices in Dallas, Texas, the Cayman Islands-incorporated entity operates globally in pursuit of strategic targets. In September 2024, it entered a definitive business combination agreement with EEW Renewables Ltd., a global renewable energy developer, valuing the pro forma enterprise at $386 million and targeting Nasdaq listing upon closing in early 2025; however, in November 2025, Compass terminated the agreement due to EEW's material uncured breaches, ending related lock-up, sponsorship, and non-compete pacts while seeking damages. The company faced Nasdaq delisting in October 2024 for missing its 36-month business combination deadline, with shares now trading over-the-counter as CDAQF, and has pursued non-redemption agreements and deadline extensions amid ongoing search for a viable target.