Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 163

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 163
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 and (iv) $22,500 upon the closing of our initial business combination. We have also offered to and our CFO, Mr.Graj, has accepted an offer letter, dated May21, 2024, as amended on May11, 2025, which sets out the same Term as the offer letter for Mr.Graj. The offer letter provides that, during the Term, Mr.Graj shall receive (i) three monthly cash payments of $5,000 from the date of the offer letter until the IPO is consummated, (ii) three monthly cash payments of $5,000 from the date the IPO is consummated to the 90 thdate after the closing of the IPO, (iii) $15,000 upon the entry of a definitive agreement for our initial business combination, and (iv) $15,000 upon the closing of our initial business combination . Prior to the offering, we paid the monthly cash compensation through a certain loan provided by the sponsor to us to be used for a portion of the expenses of this offering, evidenced by a certain promissory note issued to the sponsor on April 18, 2024; after the offering, we intend to continue paying them through the net proceeds of this offering that will not be held in the Trust Account. For further information about the source of the compensation, see “ Use of Proceeds ” on page78 of this prospectus. Other than the foregoing and the ownership of insider shares by Mr. Padmakumar, Mr. Graj and the independent directors, our directors and officers have not received or will receive any other form of compensation upon the closing of the offering. See “ Management — Executive Officer and Director Compensation ” on page125 of the prospectus. Except as disclosed under this section, the Sponsor HoldCo or the sponsor do have any agreement, arrangement, or understanding with the Company regarding any compensation, reimbursement, or transfer of interests in relation to our initial business combination, nor is there any agreement between the sponsor and any unaffiliated shareholders of the Company regarding redemptions, payments, compensation, reimbursement, or transfer of interests. In addition to the insider shares, the compensation received or to be received and the amount of securities issued or to be issued to our insiders, including the issuance of working capital units that may be converted from the working capital notes and the issuance of extension units that may be converted from the extension notes, will have dilutive effect on the public shares you hold. However, the extent of such dilutive effect