Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 233

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 233
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day period commencing at least 150 days after our initial business combination, or (y) the date on which we complete a liquidation, merger, share exchange or other similar transaction that results in all of our public shareholders having the right to exchange their ordinary shares for cash, securities or other property. Except as described herein, the private units (including the underlying securities) will not be transferable, assignable or saleable until the completion of our initial business combination (except to certain permitted transferees). Because each of our executive officers and director nominees will own ordinary shares directly or indirectly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination; and (f) the insider shares are entitled to registration rights. If we seek shareholder approval of our initial business combination, we will complete our initial business combination only if a majority of the issued and outstanding ordinary shares voted are voted in favor of the business combination, subject to the Companies Act. In such case, our Sponsor HoldCo and each member of our management team have agreed to vote their insider shares and public shares in favor of our initial business combination. Except as described herein, our Sponsor HoldCo and each member of our management team have agreed not to transfer, assign or sell any of their insider shares until (1) with respect to 50% of the insider shares, the earlier of six months after the date of the consummation of our initial business combination or the date on which the closing price of our ordinary shares equals or exceeds $12.50 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing after our initial business combination and (2) with respect to the remaining 50% of the insider shares, six months after the date of the consummation of our initial business combination, or earlier, in either case, if, subsequent to our initial business combination, we consummate a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the right to redeem their ordinary shares for cash, securities or other property. We refer to such transfer restrictions throughout this prospectus as the lock -up. Any permitted transferees would be subject to the same restrictions and other agreements of our Sponsor HoldCo and our directors and executive officers with respect to any insider shares. The insider shares are designated as Class B ordinary shares and