Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 66

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 66
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 Prior to our initial business combination, pursuant to our second amended and restated memorandum and articles of association, only holders of Class B ordinary shares, or insider shares will have the right to vote on the appointment of directors. Holders of our Class A ordinary shares will not be entitled to vote on the appointment of directors as long as we have Class B ordinary shares issued and outstanding. In addition, prior to our initial business combination, only holders of a majority of our Class B ordinary shares may remove a member of the board of directors for any reason. Accordingly, holders of Class A ordinary shares may not have any say in selecting management of our company prior to the consummation of an initial business combination as long as we have class B ordinary shares issued and outstanding. Before a prospective target business is identified or the initial business combination is consummated, our Sponsor HoldCo, sponsor or management may change or divest their ownership interests in us. Such change or divestment could deprive us of key personnel and advisors, and the public shareholders may have very limited influence over the management of the Company as a result. Our Sponsor HoldCo, ST Sponsor Investment LLC, is a Cayman Islands limited liability company, whose manager is Mr.Sunny Tan Kah Wei, and our sponsor, ST Sponsor Limited, is a Cayman Islands exempted company, who is currently the sole member of the Sponsor HoldCo. The sponsor is also currently controlled by Mr. Tan as sole director and shareholder. Although our Sponsor HoldCo is not expected to effect any direct or indirect transfer of the insider shares or private units it holds during the applicable lock -upterms, and the sponsor is not expected to effect any indirect transfer of the securities it holds in the Sponsor HoldCo during the applicable lock -upterms, certain transfers prior to the completion of our initial business combination are permitted for the insider shares and private units (including the underlying securities): (i) among the insiders or to the Company’s insiders’ members, officers, directors, consultants or their affiliates, (ii) to a holder’s shareholders or members upon the holder’s liquidation, in each case if the holder is an entity, (iii) by bona fide gift to a member of the holder’s immediate family or to a trust, the beneficiary of which is the holder or a member of the holder’s immediate family, in each case for estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic relations order, (