Company: CHPG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001213900-25-077011
Chunk: 110

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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 investing activities.

For the six months ended June 30, 2025, there
was $75,907,630 of cash provided by financing activities resulting from the proceeds from public offering of $74,750,000, from private
placement of $2,300,000, and from promissory note-related parties of $95,048. The changes were partially offset by the payment of underwriter
discount of $747,500 and of deferred offering costs of $489,918.

For the period from March 22, 2024 (inception)
through June 30, 2024, there was $51,962 of cash provided by financing activities resulting from the proceeds from promissory note-related
parties of $136,962 and from issuance of Class B ordinary shares of $25,000. The changes were partially offset by the payment of deferred
offering costs of $110,000.

As of June 30, 2025, $75,372,084 was held in the
Trust Account in money market funds, which are invested in U.S. Treasury Securities. We intend to use substantially all of the funds held
in the Trust Account, including any amounts representing interest earned on the Trust Account, excluding deferred underwriting commissions,
to complete our Initial Business Combination. We may withdraw interest from the Trust Account to pay taxes, if any. To the extent that
our share capital or debt is used, in whole or in part, as consideration to complete an Initial Business Combination, the remaining proceeds
held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions
and pursue our growth strategies.

We intend to use the funds held in the trust account,
including any amounts representing interest earned on the trust account (which interest shall be net of taxes payable and up to $100,000
of interest released to us to pay dissolution expenses) to complete our initial business combination. We may withdraw interest to pay
taxes, if any. Our annual income tax obligations will depend on the amount of interest and other income earned on the amounts held in
the trust account. To the extent that our ordinary shares or debt is used, in whole or in part, as consideration to complete our initial
business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the
target business or businesses, make other acquisitions and pursue our growth strategies.

Prior to the completion of our initial business