Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 55

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 Combination. The Company
will not issue fractional shares. As a result, the holder must hold rights in multiples of 8 in order to receive shares for all of their
rights upon closing of a Business Combination.

Note 4 — Private Placement

Simultaneously
with the closing of the IPO, the Sponsor HoldCo purchased an aggregate of 230,000 Private Placement Units at a price
of $10.00 per Private Placement Unit for an aggregate purchase price of $2,300,000 in the Private Placement. Each Private Placement Units
was identical to the Units sold in the IPO, except that it will not be redeemable, transferable, assignable or salable by the Sponsor
HoldCo until the completion of its initial Business Combination (except to certain permitted transferees).

11

Note 5 — Related Party Transactions

Insider Shares

On
April 18, 2024, the Company issued 2,156,250 Class B ordinary shares, par value of $0.0001 each, to the Sponsor for a purchase
price of $25,000, or approximately $0.012 per share. On June 27, 2024, the Company issued additional 4,521,169 Class B ordinary
shares, at par value of $452, which is accounted for as a nominal issuance to the sponsor. In total, an aggregate 6,677,419 Class B
ordinary shares were issued to the Sponsor, at a per-share price of approximately $0.004 per share. On February 25, 2025, the Sponsor
agreed to transfer all the insider shares it held to St Sponsor Investment LLC (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. On April 30, 2025, the Sponsor agreed to surrender 4,507,258 insider shares it held, as a result of which the Sponsor
HoldCo owns 2,010,161 insider shares. On May 21, 2025, Sponsor HoldCo converted 800,000 Class B ordinary shares, par value $0.0001
per share, on a one-for-one basis to 800,000 Class A ordinary shares of the Company, par value $0.0001 per share (the “Class A insider
shares”, with the Class B insider shares,