Company: CHPG
Filing Date: 2025-05-06
Form Type: S-1/A
Source: 0001213900-25-039846
Chunk: 29

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-06
Form: S-1/A
Chunk 29
---
 majority of the issued and outstanding ordinary shares voted are voted in favor of the business combination. We will have until 18months from the consummation of this offering to consummate our initial business combination. If we anticipate that we may not be able to consummate our initial business combination within 18months from closing of this offering, we may, but are not obligated to, extend the period of time to consummate a business combination two times by an additional three months each time (for a total of up to 24months to complete a business combination), 11 provided that our Sponsor HoldCo, sponsor, and their affiliates or designees must deposit into the Trust Account for each three months extension, $650,000, or $747,500 if the underwriter’s over -allotmentoption is exercised in full ($0.10 per unit in either case), up to an aggregate of $1,300,000 or $1,495,000 if the underwriter’s over -allotmentoption is exercised in full, on or prior to the date of the applicable deadline. In addition, in the event that we execute a definitive agreement for an initial business combination within 18months from the closing of this offering, we will automatically receive an additional 3 -monthperiod to consummate our initial business combination, in which case, we will issue a press release and file a Current Report on Form 8 -Kannouncing the execution of the definitive agreement for an initial business combination as well as the extended deadline to complete our initial business combination. There is no obligation for us, our Sponsor HoldCo, or our sponsor to extend the time for us to complete our initial business combination. In the event that the time to complete an initial business combination is extended and our Sponsor HoldCo, sponsor, and their affiliates or designees make the payments necessary for such extension, they will receive a non -interestbearing, unsecured promissory note in the amount of any such deposit, which will not be repaid in the event that we are unable to close an initial business combination unless there are funds available outside the trust account to do so. We intend to issue a press release announcing any intention to extend the time to consummate an initial business combination at least three days prior to the applicable deadline. In addition, we intend to issue a press release or file a Current Report on Form 8 -Kpromptly after the applicable deadline announcing whether or not the necessary funds had been timely deposited. Our public shareholders will not be afforded an