Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 43

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 43
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 in any liquidating distribution upon winding up if a business combination is not consummated. Additionally, our insiders have agreed not to transfer, assign or sell any of the insider shares (except to certain permitted transferees) 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 (except as described in “ Principal Shareholders — Restrictions on Transfers of Insider Shares and Private Units” on page 136 of this prospectus). The private units (including the underlying securities) will not be transferable, assignable or saleable until after the completion of our initial business combination (except to certain permitted transferees as described in “ Principal Shareholders — Restrictions on Transfers of Insider Shares and Private Units” on page 136 of this prospectus). We refer to such transfer restrictions throughout this prospectus as the lock -up. If public units or shares are purchased by any of our directors, officers or insiders, they will be entitled to funds from the Trust Account to the same extent as any public shareholder upon our liquidation but will not have redemption rights related thereto. The proceeds from the private placement of the private units will be added to the proceeds of this offering and placed in a Trust Account in the United States maintained by Continental Stock Transfer & Trust Company, as trustee. If we do not complete our initial business combination within 18 months (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) from the closing of this offering, the proceeds from the sale of the private units will be included in the liquidating distribution to the holders of our public shares. Corporate Information Our principal executive office is located