Company: CHPG
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111468
Chunk: 79

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 deferred underwriting commissions to be paid upon
the completion of initial Business Combination. If the Company does not complete its initial Business Combination and subsequently liquidate,
the trustee and underwriter has agreed that (i) it will forfeit any rights or claims to its deferred underwriting discounts and commissions
then in the trust account upon liquidation, and (ii) the deferred underwriters’ discounts and commissions will be distributed
on a pro rata basis, including interest earned on the funds held in the trust account and not previously released to the Company to pay
its taxes or for working capital purposes (less up to $100,000 of interest to pay dissolution expenses).

Note 7 — Shareholder’s
Equity

Preferred 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 September 30, 2025 and December
31, 2024, there were no preferred 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 September 30, 2025 and
December 31, 2024, there were 1,142,125 shares of Class A ordinary share issued and outstanding, excluding 7,475,000 shares subject
to possible redemption, and none, respectively.

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 Class B 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 Class B 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