Compass Digital Acquisition Corp. has terminated its previously announced agreement to combine with EEW Renewables Ltd. The company cited material uncured breaches by EEW as the reason for ending the agreement, effective immediately. In connection with the termination, Compass Digital Acquisition Corp. is seeking compensation for losses it claims to have incurred due to EEW's breaches. As a result of the termination, related agreements, including the Lock-Up Agreement, Insider Letter Amendment, Sponsor Agreement, and Non-Competition Agreements, have also ended. This update was disclosed by Compass Digital Acquisition Corp.
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