Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 19

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 to the nearest whole share or otherwise
addressed in accordance with the applicable provisions of the Companies Act and any other applicable Cayman Islands law. As a result,
you must hold rights in multiples of eight in order to receive shares for all of your Class A ordinary shares underlying the rights
upon closing of a Business Combination. If the Company are unable to complete an initial Business Combination within the required time
period and the Company redeem the public shares for the funds held in the trust account, holders of rights will not receive any of such
funds for their rights and the rights will expire worthless. The Company shall reserve such amount of its profits or share premium in
order to pay up the par value of each share issuable in respect of the rights.

Note 8 — Segment Information

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources
and assess performance.

The Company’s chief operating decision maker
has been identified as the Chief Executive Officer (“CODM”), who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one operating segment.

15

When evaluating the Company’s performance
and making key decisions regarding resource allocation, 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