Compass Digital Acquisition Corp. has announced a private placement issued a promissory note in the aggregate principal amount of up to $2,500,000 on November 21, 2024. The transaction included participation from new lender HCG Opportunity, LLC.
No interest shall accrue on the unpaid principal balance of this Note. The Note bears no interest and is repayable in full upon the earlier of the date on which the Company consummates its initial business combination and the date of liquidation of the Company. The principal balance of this Note shall be due and payable by the Make, upon the consummation of the Maker?s proposed initial business combination and the date of the liquidation of the Maker.
