- CEO
- Thomas D. Hennessy
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3626 North Hall Street Dallas TX United States of America 75219
- Business
- Compass Digital Acquisition Corp. (Nasdaq: CDAQW) is a blank check company, or special purpose acquisition company (SPAC), formed in 2021 and headquartered in the Cayman Islands that seeks to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses, with a focus on the technology sector including digital transformation software and services. The company has no current significant operations or revenue and holds cash in trust primarily from its initial public offering proceeds; it targets businesses with disciplined cost structures, profitability potential, strong growth prospects, and significant customer bases in developed markets. Geographically, it operates from the Cayman Islands with management ties to the United States, including Dallas, Texas, and Nevada.
In September 2024, Compass Digital Acquisition entered into a definitive business combination agreement with EEW Renewables Ltd, a global renewable energy developer, valuing EEW at a pre-money enterprise value of $300 million (pro forma $386 million); the transaction, expected to close in the first quarter of 2025 subject to approvals, would make EEW a wholly-owned subsidiary of a new public holding company listed on Nasdaq, with gross proceeds of approximately $25 million from trust and financing. Recent extensions pushed the business combination deadline to April 20, 2026, amid ongoing merger efforts. The company underwent a sponsor handover in August 2023 to HCG Opportunity LLC with board and management changes; its shares faced Nasdaq delisting in October 2024, shifting to OTC trading under CDAQF, amid deal uncertainties including termination disputes noted in late 2025 updates.