Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 61

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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, 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 three months ended
    March 31, 2025  
    For
    the
 period from March 27, 2024 (Inception)
    to March 31, 2024 
  
    Formation and operating costs 
    $117,327  
    $55 
  
    Net loss 
    $(117,327) 
    $(55)

The key measures of segment profit or loss reviewed
by our CODM is formation and operating costs. Formation and operating costs are reviewed and monitored by the CODM to manage and forecast
cash to ensure enough capital is available to complete the IPO and eventually a Business Combination within the business combination period.
The CODM also reviews formation and operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned
with all agreements and budget.

Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through the date when these unaudited financial statements were issued. Based on this review,
except as discussed below, the Company did not identify any subsequent events that would require adjustment or disclosure in the unaudited
financial statements.

On April 30, 2025, the Company changed the terms
of its IPO. Pursuant to the updated terms of IPO, the Company intends to offer for sale of 7,475,000 Units. Each Unit has an offering
price of $10.00 and consists of one share of the Company’s Class A ordinary share and one right The Sponsor has committed to purchase
an aggregate of 230,000 Private Units at a price of $10.00 per Private Units for an aggregate purchase price of $2,300,000. The underwriter
will be entitled to a cash underwriting discount of $0.10 per Unit, or $747,500, payable upon the closing of the IPO. In addition, the
Company has agreed to issue of 112,125 Class A ordinary shares at the closing of the IPO. Additionally, the underwriter will be entitled
to a cash underwriting discount of $0.20 per Unit to be paid in cash, or $1,495,000 for deferred underwriting commissions to be paid upon
the completion of initial Business Combination.

On April 30, 2025, the Sponsor agreed to surrender