Company: CHPG
Filing Date: 2025-05-06
Form Type: S-1/A
Source: 0001213900-25-039846
Chunk: 226

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-06
Form: S-1/A
Chunk 226
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 the approval of a special resolution under Cayman Islands law, which requires the affirmative vote of a majority of not less than two -thirdsof the voting rights held by such shareholders as, being entitled to do so, vote at a general meeting of the company. However, the participation of our Sponsor HoldCo, sponsor, officers, directors, advisors or their affiliates in privately -negotiatedtransactions (as described in this prospectus), if any, could result in the approval of our initial business combination even if a majority of our public shareholders vote, or indicate their intention to vote, against such initial business combination. For purposes of seeking approval of the majority of our issued and outstanding ordinary shares, non -voteswill have no effect on the approval of our initial business combination once a quorum is obtained. Our second amended and restated memorandum and articles of association will require that at least five clear days’ notice will be given of any general meeting. If we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our second amended and restated memorandum and articles of association will provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to Excess Shares, without our prior consent. However, we would not be restricting our shareholders’ ability to vote all of their shares (including Excess Shares) for or against our initial business combination. Our shareholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our initial business combination, and such shareholders could suffer a material loss in their investment if they sell such Excess Shares on the open market. Additionally, such shareholders will not receive redemption distributions with respect to the Excess Shares if we complete our initial business combination. And, as a result, such shareholders will continue to hold that number of shares exceeding 15% and, in order to dispose such shares would be required to sell their shares in open market transactions, potentially at a loss. If we seek shareholder approval of our initial business combination, we will complete our initial business combination only if a majority of the issued and outstanding ordinary shares voted are voted in favor of the business combination, subject to the Companies Act. In such case, our Sponsor HoldCo and each member of our management team have agreed to vote their insider shares