Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 314

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 314
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 time, in whatever amount they deem reasonable in their sole discretion. Each loan would be evidenced by a promissory note. The notes would either be paid upon consummation of the Company’s initial Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of the notes (“Working Capital Loans”) may be converted upon consummation of the Company’s Business Combination into working capital Units at a price of $10.00 per Unit. If the Company do not complete a Business Combination, the loans would be repaid out of funds not held in the Trust Account, and only to the extent available. As of December 31, 2024, the Company had no borrowings under the Working Capital Loans. Due to Related Parties On May 21, 2024, the Company signed the offer letter with the CEO for compensation of $7,500 per month in cash and $10,000 per month in cash for the post -IPOperiod. As of December 31, 2024, due to the CEO for salary payable amounted to of $32,500. On May 21, 2024, the Company signed the offer letter with the CFO for compensation of $5,000 per month in cash and $6,000 per month in cash for the post -IPOperiod. The CFO also paid expenses on behalf of the Company during the period from March 27, 2024 (inception) through December 31, 2024. As of December 31, 2024, due to the CFO including salary and reimbursement payable amounted to of $21,901. Note 6 — Commitments and Contingencies Underwriter Registration Rights The holders of the insider shares, Private units (including securities contained therein) and Units (including securities contained therein) that may be issued on conversion of working capital loans or extension loans will be entitled to registration rights pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering requiring the Company to register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy -back” registration rights with respect to registration statements filed subsequent to the Company’s completion of the Company’s initial Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The Company will bear the expenses incurred in connection with