Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 21

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 of the offer letter until the IPO is consummated, (ii) monthly cash compensation of $7,500 for
three months from the date the IPO is consummated and 90th date after the closing of the IPO, (iii) $22,500 upon the entry
of a definitive agreement by the Company, (iv) $22,500 upon the closing of the Company’s initial business combination.

The CFO shall receive (i) monthly cash compensation
of $5,000 for three months from the date of the offer letter until the IPO is consummated, (ii) monthly cash compensation of $5,000 for
three months from the date the IPO is consummated and 90th date after the closing of the IPO, (iii) $15,000 upon the entry
of a definitive agreement by the Company, (iv) $15,000 upon the closing of our initial business combination.

Certain payments or accrual made to-date under
the original offer letters will be prospectively adjusted from amounts to be paid under the Amendments.

16

On May 21, 2025, Sponsor HoldCo converted 800,000
Class B ordinary shares, par value $0.0001 per share, on a one-for-one basis to 800,000 Class A ordinary shares of the Company, par value
$0.0001 per share (the “Class A insider shares”, with the Class B insider shares, the “insider shares”).

On May 29, 2025, the Company consummated IPO of
7,475,000 Units, including the full exercise of the underwriter’s option to purchase an additional 975,000 Units to cover over-allotments.
 Each Unit consists of one Class A ordinary share, $0.0001 par value per share (each, a “Class A ordinary share”), and
one right (each, a “Right”), each one Right entitling the holder thereof to exchange for one-eighth of one Class A ordinary
share upon the completion of the Company’s initial business combination. The Units were sold at an offering price of $10.00 per
Unit, generating gross proceeds of $74,750,000.

The public Rights will be classified within shareholders’
deficit and will not require remeasurement after issuance. The public Rights will be classified within Level 3 of the fair value hierarchy
at the measurement dates due to the use of unobservable inputs inherent in assumptions related to the