Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 219

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 219
---
,064shares 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 283,064 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 number of shares to be sold in this offering. In addition, our Sponsor HoldCo has committed to purchase from us an aggregate of 215,375 private units at $10.00 per private unit (for a total purchase price of $2,153,750). The sale of the private units will take place on a private placement basis simultaneously with the consummation of this offering. All of the proceeds we receive from the private placement will be placed in the Trust Account. Our sponsor has also agreed that if the over -allotmentoption is exercised by the underwriters, it will purchase from us at a price of $10.00 per private unit an additional number of private units (up to a maximum of 14,625 private units) pro rata with the amount of the over -allotmentoption exercised so that at least $10.05 per share sold to the public in this offering is held in trust regardless of whether the over -allotmentoption is exercised in full or part. These additional private units will be purchased in a private placement that will occur simultaneously with the purchase of units resulting from the exercise of the over -allotmentoption. The proceeds from the private placement of the private units will be added to the proceeds of this offering and placed in an account in the United States maintained by Continental Stock Transfer & Trust Company, as trustee. The private units are identical to the units sold in this offering except as otherwise described in this prospect