Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 231

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 231
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 $452.12. 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 May15, 2024, our sponsor entered into a securities transfer agreement, pursuant to which our sponsor transferred 100,000 insider shares and 60,000 insider shares to Bala Padmakumar and Evan M. Graj, respectively, in exchange for a total of $1,855.07. The Transfers were recorded in the Company’s register of members on June27, 2024. On February25, 2025, the sponsor agreed to transfer all the insider shares it held to 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. In addition, Mr.Tan was appointed as the manager of the Sponsor HoldCo. In addition, immediately prior to the closing of this offering, our Sponsor HoldCo has agreed to transfer 20,000 insider shares to each of William W. Snyder, David Mao and Robert H. Grigsby aggregating 60,000 insider shares, immediately prior to the closing of this offering. We refer to these Class B ordinary shares throughout this prospectus as the “insider shares.” The insider shares held by our Sponsor HoldCo include an aggregate of up to 870,967shares subject to forfeiture to the extent that the underwriters’ over -allotmentoption is not exercised in full or in part, so that our insiders will collectively own 22.5% of our issued and outstanding shares after this offering (without given effect to the sale of the private units and representative shares, and assuming our insiders do not purchase units in this offering). None of our insiders has indicated any intention to purchase units in this offering. If the underwriters do not exercise all or a portion of their over -allotmentoption, our insiders have agreed that up to an aggregate of 870,967 ordinary shares in proportion to the portion of the over -allotmentoption that was not exercised are subject to forfeiture and would be immediately cancelled. If the underwriters determine the size of the offering should be increased (including pursuant to Rule 462(b) under the Securities Act) or decreased, a share capitalization or a share repurchase, as applicable, would be effectuated in order to maintain our insider’s ownership at a percentage of the