Company: CHPG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001213900-25-077011
Chunk: 79

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking
statements, please refer to the Risk Factors section of the Company’s final prospectus for its initial public offering (the “IPO”
described below) filed with the Securities Exchange Commission (the “SEC”) on June 5, 2025 (File No. 001-42651) (the “Prospectus”).
The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly
required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise.

Overview

We are a blank check company incorporated as a
Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target
and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination
target. We intend to effectuate our Business Combination using cash from the proceeds of our Initial Public Offering (“IPO”)
and the sale of our shares, debt or a combination of cash, equity and debt. We expect to continue to incur significant costs in the pursuit
of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

Our Initial Public Offering

On May 29, 2025, we consummated our IPO of 7,475,000
units (including 975,000 units issued upon the full exercise of the over-allotment option, the “Units”). Each Unit consists
of one Class A ordinary share (the “Class A ordinary share”), $0.0001 par value per share, and one right (“Right”)
to receive of one-eighth of one Class A ordinary share upon the completion of the initial Business Combination. The Units were
sold at an offering price of $10.00 per Unit, generating total gross proceeds of $74,750,000. Simultaneously with the consummation (the
“closing”) of the IPO and the sale of the Units, we consummated the Private Placement of 230,000 units (the “Private
Placement Units”) to Sponsor HoldCo at a price of $10.00