Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 166

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 166
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 effect any direct transfer of the insider shares it held prior to the offering, and neither the sponsor or Mr. Tan is not expected to effect any indirect transfer of such insider shares by transferring any securities of the sponsor prior to the offering. As a result, prior to the offering, the Sponsor HoldCo holds 6,517,419 insider shares, or 97.6% of our issued and outstanding shares. Immediately after the offering, the Sponsor HoldCo is expected to hold 5,586,452 insider shares, or 96.2% of the issued and outstanding insider shares (without the exercise of the over -allotmentoption and assuming to 870,967 insider shares forfeited as a result thereof). The insider shares are identical to the Class A ordinary shares of the Company, except that (i) they will automatically convert into our Class A ordinary shares at the time of our initial business combination, (b) they are subject to certain transfer restrictions (see “ Principal Shareholders — Restrictions on Transfers of Insider Shares and Private Units” on page 136 of this prospectus); (c) prior to our initial business combination, only holders of the insider shares have the right to vote on the appointment or removal of a member of the board of directors for any reason; (d) our sponsor and each member of our management team have entered into a letter agreement with us to waiver their redemption rights, rights to liquidating distributions from the Trust Accounts and other shareholder rights enjoyed by holders of the Class A ordinary shares. In addition, our Sponsor HoldCo has agreed and will enter into an agreement with us immediately prior to the effectiveness of this prospectus pursuant to which, (A) to vote its insider shares and private shares (as well as any public shares acquired in or after this offering) in favor of any proposed business combination, (B) not to propose, or vote in favor of, an amendment to our second amended and restated memorandum and articles of association that would stop our public shareholders from redeeming their shares or selling their shares to us in connection with a business combination or affect the substance or timing of our obligation to redeem 100% of our public shares if we do not complete a business combination within 18 months from the closing of this offering (or up to 27 months if we extend the period of time to consummate a business combination, as described in more detail in this prospectus) unless we provide public shareholders with the opportunity to redeem their public shares to receive cash from the Trust Account in connection with