Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 59

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 to the Company to pay
its taxes or for working capital purposes (less up to $100,000 of interest to pay dissolution expenses).

14

Note 7 — Shareholder’s
Equity

Preference Share — The
Company is authorized to issue 5,000,000 shares of preference share, $0.0001 par value, with such designations, voting and other rights
and preferences as may be determined from time to time by the Company’s board of directors. As of March 31, 2025 and December 31,
2024, there were no preference shares issued or outstanding.

Class A Ordinary Share — The
Company is authorized to issue 445,000,000 shares of Class A ordinary share with $0.0001 par value. As of March 31, 2025 and December 31,
2024, there were no shares of Class A ordinary share issued or outstanding.

Class B
Ordinary Share — The Company is authorized to issue 50,000,000 shares of Class B ordinary share with $0.0001
par value. On April 18, 2024, the Company issued an aggregate of 2,156,250 Insider shares to the Sponsor for an aggregate purchase
price of $25,000, or approximately $0.012 per share. On June 27, 2024, the Company issued an additional of 4,521,169 Class B
ordinary shares to the Sponsor at par value, for $452. On February 25, 2025, the Sponsor agreed to transfer all the insider shares it
held to Sponsor HoldCo as capital contribution, in exchange for the issuance of 100 membership interests to the Sponsor and for the admission
of the Sponsor as the sole member of the Sponsor HoldCo. On April 30, 2025, the Sponsor agreed to surrender 4,507,258 insider shares it
held, as a result of which the Sponsor HoldCo owns 2,010,161 insider shares. 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. On May 29, 2025, the effective date of the registration statement of the IPO, the Sponsor transferred