Company: CHPG
Filing Date: 2025-05-30
Form Type: 8-K
Source: 0001213900-25-049088
Chunk: 4

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-30
Form: 8-K
Item: Item 5.02
Chunk 4
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Item 5.02

Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective on May 14, 2025, in connection with
the effectiveness of the Registration Statement, William W. Snyder, David Mao, and Robert H. Grigsby became directors of the Company.

The board has determined that each of William
W. Snyder, David Mao, and Robert H. Grigsby are independent directors under the requirements of the Nasdaq listing standards and
under the Securities Exchange Act of 1934, as amended (“ Exchange Act”), and has determined that David Mao qualifies as an
“audit committee financial expert” as that term is defined in Item 407(d)(5) of Regulation S-K under the Exchange Act.
William W. Snyder, David Mao, and Robert H. Grigsby will serve as members of the audit committee, with David Mao serving as chair
of the audit committee.

The Company will reimburse the officers and directors
for reasonable out-of-pocket expenses incurred in connection with fulfilling their roles as directors at the closing of the Company’s
initial business combination.

On May 27, 2025, the Sponsor HoldCo transferred
to each of William W. Snyder, David Mao, and Robert H. Grigsby, 20,000 Class B ordinary shares at the same price originally paid
by the Sponsor for such shares, approximately $0.0116 per share, pursuant to the Securities Transfer Agreement.

Other than as set forth in Item 1.01 and the Registration
Statement, none of the directors mentioned above are party to any arrangement or understanding with any person pursuant to which they
were appointed as directors, nor are they party to any transactions required to be disclosed under Item 404(a) of Regulation S-K
involving the Company.

Item 5.03 Amendments to the Memorandum and
Articles of Association.

On May 14, 2025, the Company adopted its Second
Amended and Restated Memorandum and Articles of Association. The Form of the Second Amended and Restated Memorandum and Articles of Association
is attached as Exhibit 3.1 hereto and is incorporated by reference herein.

Item 8.01 Other Events.