Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 38

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 38
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 None of our insiders has indicated any intention to purchase units in this offering. In addition, our Sponsor HoldCo has committed to purchase from us an aggregate of 217,375 private units at $10.00 per private unit (for a total purchase price of $2,153,750). The sale of the private units will take place on a private placement basis simultaneously with the consummation of this offering. All of the proceeds we receive from the private placement will be placed in the Trust Account. Our Sponsor HoldCo has also agreed that if the over -allotmentoption is exercised by the underwriters, it will purchase from us at a price of $10.00 per private unit an additional number of private units (up to a maximum of 14,625 private units) pro rata with the amount of the over -allotmentoption exercised so that at least $10.00 per share sold to the public in this offering is held in trust regardless of whether the over -allotmentoption is exercised in full or part. These additional private units will be purchased in a private placement that will occur simultaneously with the purchase of units resulting from the exercise of the over -allotmentoption. The proceeds from the private placement of the private units will be added to the proceeds of this offering and placed in the Trust Account. As a result, $65,325,000 (or up to $75,123,750 if the over -allotmentoption is exercised in part or in full) will be placed in the Trust Account, immediately following the offering. If we do not complete our initial business combination within 18months from the closing of this offering (or up to 27months, if we extend the time to complete an initial business combination as described in this prospectus), the proceeds from the sale of the offering and private units deposited into the Trust Account including interests (net of taxes payable and up to $100,000 of interest released to us to pay dissolution expenses) will be included in the liquidating distribution to the holders of our public shares. Additionally, we have committed to issue Clear Street LLC, or “Clear Street”, the representative of the underwriters, 97,500 Class A ordinary shares (or up to 112,125 Class A ordinary shares if the underwriter’s over -allotmentoption is exercised in full), or the “representative shares,” at the closing of this offering. We refer to Clear Street throughout this prospectus as the “underwriter”. Following this offering