Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 6

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 6
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,000 insider shares of the Company held by our Sponsor HoldCo. The interests of the membership of the Sponsor HoldCo, a Cayman Islands limited liability company currently in the process of formation, are denominated in two classes of membership interests: (i) Class X membership interests representing interests in the insider shares of the Company, (ii) Class Y membership interests that representing interests in the private units of the Company. Before this offering, the sponsor is the sole member of the Sponsor HoldCo. Mr.Sunny Tan Kah Wei (the “sponsor director”), the current manager of the Sponsor HoldCo and sole director and shareholder of the sponsor, will hold membership interests through the sponsor representing the proportional interest in the insider shares and private units. Any non -managingHoldCo investor that may join the Sponsor HoldCo concurrently with this offering will hold membership interests representing their proportional interest in the insider shares and private units. Pursuant to an agreement of all members of the Sponsor HoldCo, the management and control of the Sponsor HoldCo is vested exclusively to Mr.Tan, as the manager of the Sponsor HoldCo, without any voting, veto, consent or other participation rights by any non -managingHoldCo investors regardless of their membership interest ownership. All matters submitted to a vote by the Sponsor HoldCo will require the affirmative vote of the sponsor, as the managing member of the Sponsor HoldCo, without regard to any membership interests held by any non -managingHoldCo investors. As a result of this management structure, non -managingHoldCo investors will have no right to control the Sponsor HoldCo, or participate in any decision regarding the disposal of any security held by the Sponsor HoldCo, or otherwise. The non -managingHoldCo investors have expressed to us an interest in purchasing up to an aggregate of approximately $200million of the units in this offering at the offering price (assuming the exercise in full of the underwriter’s over -allotmentoption), or up to 87.0% of this offering. None of the non -managingHoldCo investors may purchase more than 9.9% of the units to be sold in this offering. There can be no assurance that the non -managingHoldCo investors will acquire any units, either directly or indirectly, in this offering, or as to the amount of the units the non -managingHoldCo investors will retain, if any, prior to or upon the consummation of our initial business combination. Because these expressions of interest are not binding agreements or