Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 228

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 228
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 right to control the Sponsor HoldCo or vote or dispose of any securities held by the Sponsor HoldCo, including the founder shares and the placement units held by the Sponsor HoldCo. Nevertheless, the non -managingHoldCo investors will be incentivized to vote any of their public shares in favor of a business combination due to their indirect ownership through the Sponsor HoldCo of founder shares and placement units. Pursuant to an agreement of all members of Sponsor HoldCo, the management and control of the Sponsor HoldCo is vested exclusively to Mr.Tan, as the manager of the Sponsor HoldCo, without any voting, veto, consent or other participation rights by any non -managingHoldCo investors regardless of their membership interest ownership. As a result of this management structure, non -managingHoldCo investors will have no right to control the Sponsor HoldCo, or participate in any decision regarding the disposal of any security held by the Sponsor HoldCo, or otherwise. Further, unlike certain arrangements of other blank check companies, the non -managingHoldCo investors are not required to (i) hold any units, Class A ordinary shares or public warrants they may purchase in this offering or thereafter for any amount of time, (ii) vote any Class A ordinary shares they may own at the applicable time in favor of our initial business combination or (iii) refrain from exercising their right to redeem their public shares at the time of our initial business combination. The non -managingHoldCo investors will have the same rights to the funds held in the trust account with respect to the Class A ordinary shares underlying the units they may purchase in this offering as the rights afforded to our other public shareholders. There can be no assurance that the non -managingHoldCo investors will acquire any units, either directly or indirectly, in this offering, or as to the amount of the units these investors will retain, if any, prior to or upon the consummation of our initial business combination. Because these expressions of interest are not binding agreements or commitments to purchase, non -managingHoldCo investors may determine to purchase a different number (which shall not exceed 9.9% of the units in this offering) or no units in this offering. In addition, the underwriter has full discretion to allocate the units to investors and may determine to sell a different number or no units to the non -managingHoldCo investors. The underwriter will receive the same upfront discounts and commissions and deferred commissions on units purchased by the non -managingHoldCo investors, if