SCHEDULE 13G/A: First Trust Entities Amend SEC Filing, Confirm Zero Beneficial Ownership in Compass Digital Acquisition Corp.

First Trust Merger Arbitrage Fund and its affiliated entities have filed an amended Schedule 13G, confirming they hold no beneficial ownership in Compass Digital Acquisition Corp. as of September 30, 2024.

Summary

• First Trust Merger Arbitrage Fund (VARBX), First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP) are the reporting persons.
• As of September 30, 2024, these reporting persons collectively owned 0 shares of the outstanding Class A Ordinary Shares of Compass Digital Acquisition Corp.
• The beneficial ownership percentage for each reporting person and collectively is 0% of the class.
• The filing is an amendment (Schedule 13G/A) to a previous Schedule 13G.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual, administrative filing reporting zero beneficial ownership, which is neutral in sentiment regarding the issuer's performance or outlook.

Future Outlook

No forward-looking statements or guidance are provided in this beneficial ownership report.

Industry Context

This filing is a standard regulatory disclosure required by the SEC for passive investors. It does not provide insights into broader industry trends or competitive landscapes, focusing solely on the reporting entities' beneficial ownership status.

Related Party Transactions

• The reporting persons (First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC) are parties to a Joint Filing Agreement for the purpose of this Schedule 13G/A.

Stakeholder Impact

• Minimal impact on shareholders, as the filing indicates no beneficial ownership by the reporting entities, thus no change in their stake or influence over Compass Digital Acquisition Corp.

Key Dates

Keywords

SEC filing, Schedule 13G/A, beneficial ownership, Compass Digital Acquisition Corp., First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., investment fund, passive investment