Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 40

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 40
---
.07. The Transfers were recorded in the Company’s register of members on June27, 2024. On February25, 2025, the sponsor agreed to transfer all the insider shares it held to the 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. In addition, Mr.Tan was appointed as the manager of the Sponsor HoldCo. In addition, immediately prior to the closing of this offering, our sponsor Sponsor HoldCo has agreed to transfer 20,000 insider shares to each of William W. Snyder, David Mao and Robert H. Grigsby aggregating 60,000 insider shares, immediately prior to the closing of this offering. We refer to these ordinary 14 shares initially purchased by the sponsor throughout this prospectus as the “insider shares” The insider shares held by our Sponsor HoldCo include an aggregate of up to 870,967 Class B ordinary shares subject to forfeiture to the extent that the underwriters’ over -allotmentoption is not exercised in full or in part, so that our insiders will collectively own 22.5% of our issued and outstanding shares after this offering (without given effect to the sale of the private units and representative shares, and assuming our insiders do not purchase units in this offering). 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 505,000 private units at $10.00 per private unit (for a total purchase price of $5,050,000). 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 45,000 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