Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 113

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 113
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, directors, officers, advisors or their affiliates may purchase shares in privately negotiated transactions either prior to or following the consummation of our initial business combination. Such purchases will not be made if our Sponsor HoldCo, sponsor, directors, officers, advisors or their affiliates are in possession of any material non -publicinformation that has not been disclosed to the selling shareholder. Such a purchase would include a contractual acknowledgement that such shareholder, although still the record holder of our shares is no longer the beneficial owner thereof and therefore agrees not to exercise its redemption rights. In the event that our Sponsor HoldCo, sponsor, directors, officers, advisors or their affiliates purchase shares in privately negotiated transactions from public shareholders who have already elected to exercise their redemption rights, such selling shareholders would be required to revoke their prior elections to redeem their shares. It is intended that, if Rule 10b -18would apply to purchases by our Sponsor HoldCo, sponsor, directors, officers, advisors or their affiliates, then such purchases will comply with Rule 10b -18under the Exchange Act, to the extent it applies, which provides a safe harbor for purchases made under certain conditions, including with respect to timing, pricing and volume of purchases. The purpose of such purchases would be to (1) increase the likelihood of obtaining shareholder approval of the business combination or (2) satisfy a closing condition in an agreement with a target that requires us to have a minimum net worth or a certain amount of cash at the closing of the business combination, where it appears that such requirement would otherwise not be met. This may result in the consummation of an initial business combination that may not otherwise have been possible. The non-managing HoldCo investors have expressed an interest to purchase a substantial amount of the units in this offering, which could reduce the trading volume, volatility and liquidity for our shares, adversely affect the trading price of our shares and, further, may present a conflict of interest for such non-managing HoldCo investors in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination. The non -managingHoldCo investors have indicated an interest to purchase up to an aggregate of approximately $200million of the units offered in this offering at the initial public offering price (assuming the exercise in full of the underwriter’s over -allotmentoption), or up to 87.0% of this offering. None of the non -managingHoldCo investors has expressed to us an interest in purchasing more than 9.9% of