Company: CHPG
Filing Date: 2025-05-06
Form Type: S-1/A
Source: 0001213900-25-039846
Chunk: 89

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-06
Form: S-1/A
Chunk 89
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 among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and directors; may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking to obtain control of us; and may adversely affect prevailing market prices for our ordinary shares. If our shareholders exercise their registration rights with respect to their securities, it may have an adverse effect on the market price of our ordinary shares and the existence of these rights may make it more difficult to effect a business combination. Our insiders are entitled to make a demand that we register the resale of their insider shares 2,170,161 Class B ordinary shares, including up to an aggregate of 283,064 Class B ordinary shares subject to forfeiture to the extent that the underwriters’ over -allotmentoption is not exercised in full or in part) at any time commencing three months prior to the date on which their shares may be released from lock -up. Additionally, the purchasers of the private units and our insiders, officers and directors are entitled to demand that we register the resale of the 215,375 Class A ordinary shares (or 230,000 Class A ordinary shares if the overallotment is exercised in full) underlying the private units, and 26,921 Class A ordinary shares (or 28,750 Class A ordinary shares if the overallotment is exercised in full) underlying the private rights, and any securities our insiders, officers, directors or their affiliates may be issued in payment of working capital loans or loans to extend our life made to us at any time after we consummate a business combination. The presence of these additional securities trading in the public market may have an adverse effect on the market price of our securities. In addition, the existence of these rights may make it more difficult to effectuate a business combination or increase the cost of acquiring the target business, as the shareholders of the target business may be discouraged from entering into a business combination with us or will request a higher price for their securities because of the potential effect the exercise of such rights may have on the trading market for our ordinary shares. If we are deemed to be an investment company, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete a business combination. There is currently uncertainty concerning the applicability of the Investment Company Act to a special purpose acquisition company such as the Company,