COMPASS DIGITAL ACQUISITION CORP. has filed a statement indicating an extraordinary general meeting for shareholders to approve two main points: 1) amending the company's articles to extend the time for completing an initial business combination to April 19, 2025, and 2) ratifying the appointment of WithumSmith+Brown, PC as its independent auditor for 2024. The company intends to enter into Non-Redemption Agreements with certain shareholders to prevent redemption of shares at the meeting, potentially allowing more funds to remain within the company's trust account post-meeting. The effectiveness of these agreements is subject to conditions such as shareholders' approval of the extension and meeting other specified terminations.
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