Company: CHPG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001213900-25-077011
Chunk: 19

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 ordinary share and one Right. Each Right entitles the holder thereof to
receive one-eighth of 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.

Note 4 — Private Placement

Simultaneously
with the closing of the IPO, the Sponsor HoldCo purchased an aggregate of 230,000 Private Placement Units at a price
of $10.00 per Private Placement Unit for an aggregate purchase price of $2,300,000 in the Private Placement. Each Private Placement Units
was identical to the Units sold in the IPO, except that it will not be redeemable, transferable, assignable or salable by the Sponsor
HoldCo until the completion of its initial Business Combination (except to certain permitted transferees).

Note 5 — Related Party Transactions

Insider Shares

On April 18, 2024, the Company issued 2,156,250
Class B ordinary shares, par value of $0.0001 each (the “Class B insider shares”), to the Sponsor for a purchase price
of $25,000, or approximately $0.012 per share. On June 27, 2024, the Company issued additional 4,521,169 Class B ordinary shares,
at par value of $452, which is accounted for as a nominal issuance to the sponsor. In total, an aggregate 6,677,419 Class B ordinary
shares were issued to the Sponsor, at a per-share price of approximately $0.004 per share. On February 25, 2025, the Sponsor agreed to
transfer all the insider shares it held to Sponsor HoldCo as capital contribution, in exchange for the issuance of 100 membership
interests to the Sponsor and for the admission of the Sponsor as the sole member of the Sponsor HoldCo. On April 30, 2025, the Sponsor
agreed to surrender 4,507,258 insider shares it held, as a result of which the Sponsor HoldCo owns 2,010,161 insider shares. On May 21,
2025, Sponsor HoldCo converted 800,000 Class B ordinary shares, par value $0.0001 per share, on a one-for-one basis to 800,000 Class A
ordinary shares