Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 208

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 208
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, CEO, and director, Mr.Padmakumar is Chairman and Director of Four Leaf Acquisition Corporation, a Delaware SPAC in search of a target for business combination; our CFO and director, Mr.Graj, has been nominated as a director nominee for Aifeex Nexus Acquisition Corporation, a Cayman Islands SPAC seeking Nasdaq listing; our director nominee, Mr.Snyder, is the Chairman, CEO and Director of Aifeex Nexu Acquisition Corporation. •The insider shares owned by our officers and directors will be released from lock -uponly if a business combination is successfully completed and subject to certain other limitations. Additionally, our officers and directors will not receive distributions from the Trust Account with respect to any of their insider shares if we do not complete a business combination. Furthermore, our insiders have agreed that the private units will not be sold or transferred by them until after we have completed our initial business combination. In addition, our officers and directors may loan funds to us after this offering and may be owed reimbursement for expenses incurred in connection with certain activities on our behalf which would only be repaid if we complete an initial business combination. For the foregoing reasons, the personal and financial interests of our directors and executive officers may influence their motivation in identifying and selecting a target business, completing a business combination in a timely manner and securing the release of their shares. •The sponsor director, Mr.Tan, has sponsored CHAR, a Cayman Islands incorporated SPAC in search of a target for business combination. CHAR may engage in a potential business combination during a time when we are seeking an initial business combination. As a result, the CHAR may compete with us for the same set of business combination targets in the future. Mr.Tan has pre -existingfiduciary duties and contractual obligations and may have conflicts of interest in determining to which entity a particular business opportunity should be presented. As a result, Mr.Tan may present a potential target to CHAR that would have been presented to us which may have a negative impact on our ability to complete our initial business combination. •In order to meet our working capital needs following the consummation of this offering until completion of an initial business combination, our insiders, officers and directors or their affiliates or designees may, but are not obligated to, loan us funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion. The notes would either be paid upon consummation of our initial business combination, without interest, or, at the lender’s discretion, up to