Company: CHPG
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111468
Chunk: 7

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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Operation and Going Concern Consideration

ChampionsGate Acquisition Corporation (the “Company”)
is a blank check company incorporated in the Cayman Islands on March 27, 2024 as an exempted company with limited liability. The
Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization
or similar business combination with one or more businesses or entities (the “Business Combination”). The Company’s
efforts to identify a prospective target business will not be limited to a particular industry or geographic location. The Company has
elected December 31 as its fiscal year end.

 As of September 30, 2025, the Company had not
commenced any operations. For the period from March 27, 2024 (inception) through September 30, 2025, the Company’s efforts
have been limited to organizational activities as well as activities related to the IPO (see Note 3). The Company will not generate
any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non-operating
income in the form of dividend and/or interest income from the proceeds derived from the IPO and Private Placement (see Note 4).

The Company’s management has broad discretion
with respect to the specific application of the net proceeds of the IPO and the sale of the Private Placement Units (as defined below),
although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There
is no assurance that the Company will be able to complete a Business Combination successfully.

The Company’s founder and sponsor is ST
Sponsor Limited, a Cayman Islands exempted company (the “Sponsor”). The Company’s ability to commence operations is
contingent upon obtaining adequate financial resources through the IPO and the Private Placement.

On May 29, 2025, the Company consummated IPO of
7,475,000 units (including 975,000 units issued upon the full exercise of the over-allotment option, the “Units”). Each Unit
consists of one Class A ordinary share (the “Class A ordinary share”), $0.0001 par value per share, and one right (“Right”)
to receive of one-eighth of one Class A ordinary share upon the completion of the initial Business Combination of the Company.
The Units were sold at an offering price of $10.00 per Unit, generating total gross proceeds