Company: CHPG
Filing Date: 2025-05-06
Form Type: S-1/A
Source: 0001213900-25-039846
Chunk: 294

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-06
Form: S-1/A
Chunk 294
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 provided to the chief operating officer decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December15, 2023, and interim periods within fiscal years beginning after December15, 2024, with early adoption permitted. The Company adopted this ASU for the period ended December31, 2024. Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements. F-11 CHAMPIONSGATE ACQUISITION CORPORATION
NOTES TO FINANCIAL STATEMENTS Note 3 — Proposed Public Offering Pursuant to the Proposed Public Offering, the Company intends to offer for sale of 6,500,000 units (the “Units”), (or 7,475,000 Units if the underwriters’ over -allotmentoption is exercised in full). Each Unit has an offering price of $10.00 and consists of one share of the Company’s Class A ordinary share and one right. Each right entitles the holder thereof to receive one -eighthof one Class A ordinary share upon completion of the Company’s initial Business Combination. The Company will not issue fractional shares. As a result, the holder must hold rights in multiples of 8 in order to receive shares for all of their rights upon closing of a Business Combination. The Company has also granted the underwriters a 45 -dayoption to purchase up to an additional 975,000 Units to cover over -allotments, if any. Note 4 — Private Placement The Sponsor has committed to purchase an aggregate of 215,375 private units (“Private Units”) (or 230,000 Private Units if the over -allotmentoption is exercised in full) at a price of $10.00 per Private Units for an aggregate purchase price of $2,153,750 (or $2,300,000 if the over