Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 202

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 202
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000 insider shares. The insider shares held by our Sponsor HoldCo include an aggregate of up to 870,967 insider shares subject to forfeiture to the extent that the underwriters’ over -allotmentoption is not exercised in full or in part. Subject to each non -managingHoldCo investors purchasing, through the Sponsor HoldCo, the placement units allocated to it in connection with the closing of this offering, the Sponsor HoldCo will issue Class Y membership interests (the “Class Y membership interests”) of the Sponsor HoldCo at a nominal purchase price to the non -managingHoldCo investors, reflecting interests in an aggregate of 3,000,000 insider shares of the Company held by our Sponsor HoldCo. Non -managingHoldCo investors will have no right to control the sponsor or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise. Other than the foregoing, our Sponsor HoldCo is not expected to effect any direct transfer of the insider shares it held prior to the offering, and neither the sponsor or Mr. Tan is not expected to effect any indirect transfer of such insider shares by transferring any securities of the sponsor prior to the offering. As a result, prior to the offering, the Sponsor HoldCo holds 6,517,419 insider shares, or 97.6% of our issued and outstanding shares. Immediately after the offering, the Sponsor HoldCo is expected to hold 5,586,452 insider shares, or 96.2% of the issued and outstanding insider shares (without the exercise of the over -allotmentoption and assuming to 870,967 insider shares forfeited as a result thereof). The insider shares are identical to the Class A ordinary shares of the Company, except that (i) they will automatically convert into our Class A ordinary shares at the time of our initial business combination, (b) they are subject to certain transfer restrictions (see “ Principal Shareholders — Restrictions on Transfers of Insider Shares and Private Units” on page 136 of this prospectus); (c) prior to our initial business combination, only holders of the insider shares have the right to vote on the appointment or removal of a member of the board of directors for any reason; (d) our sponsor and each member of our management team have entered into a letter agreement with us to waiver their redemption rights, rights to liquidating distributions from the Trust Accounts and other shareholder rights enjoyed by holders of the Class A ordinary shares. In addition, our Sponsor HoldCo has agreed and