Company: CHPG
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111468
Chunk: 81

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 your Class A
ordinary shares underlying the rights upon closing of a Business Combination. If the Company are unable to complete an initial Business
Combination within the required time period and the Company redeem the public shares for the funds held in the trust account, holders
of rights will not receive any of such funds for their rights and the rights will expire worthless. The Company shall reserve such amount
of its profits or share premium in order to pay up the par value of each share issuable in respect of the rights.

15

Note 8 — Segment Information

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources
and assess performance.

The Company’s chief operating decision maker
has been identified as the Chief Executive Officer (“CODM”), who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one operating segment.

When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM reviews several key metrics, which includes formation and operating costs.
The following table presents the significant segment expenses of the Company’s single segment.

    For the  period from 

    For the  
    For the  
    For the  
    March 27, 

    Three Months  Ended  
    Three Months  Ended  
    Nine Months  Ended  
    2024 (Inception) to 

    September 30,  2025  
    September 30,  2024  
    September 30,  2025  
    September 30,  2024 

    Formation and operating costs 
    $113,186  
    $107,443  
    $392,999  
    $140,215 
  
    Stock compensation expense 
     -  
     -  
     155,904  
     31,905 
  
    Loss from operations 
     (113,186) 
     (107,443) 
     (548,903) 
     (172,120)

    Interest and dividend income on investments held in