Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 298

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 298
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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 -allotmentoption is exercised in full). All of the proceeds the Company received from the private placement will be placed in the Trust Account. Each Private Unit will be identical to the Units sold in the Proposed Public Offering, except that they will not be redeemable, transferable, assignable or salable by the Sponsor until the completion of its initial Business Combination (except to certain permitted transferees). The Private Units will be sold in a private placement that will close simultaneously with the closing of the Proposed Public Offering, including the over -allotmentoption, as applicable. 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 Wilmington Trust, N.A., as trustee. If the Company does not complete its initial business combination within 18 months (or up to 27 months if the Company extends the period of time to consummate a business combination) 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 the public shares. 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, 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 -shareprice of approximately $0.004 per share. On February25, 2025, the Sponsor agreed to transfer all the insider shares it held to St Sponsor Investment LLC (the “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 April30, 2025, the Sponsor agreed to surrender 4,507,258 insider shares it held, as