Company: CHPG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001213900-25-077011
Chunk: 8

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 to for a total period of up to 24 months from the Closing Date,  or 27 months from the closing of
the IPO if the conditions in scenario (x) is met) (the “Combination Deadline”) provided that the Company’s sponsor and/or
designees must deposit (the “extension loans”) into the trust account for each three months extension, $747,500, up to
an aggregate of $1,495,000, on or prior to the date of the applicable deadline. or (B) with respect to any other provision relating
to shareholders’ rights or pre-business combination activity and (iii) the redemption of all of public shares if the company
are unable to complete their initial Business Combination before the Combination Deadline, subject to applicable law. In no other circumstances
will a public shareholder have any right or interest of any kind to or in the trust account. The proceeds deposited in the trust account
could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the public shareholders.

The Company will provide its public shareholders
with the opportunity to redeem all or a portion of their public shares upon the completion of the Business Combination either (i) in
connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer.

The ordinary shares subject to redemption will
be accredited to the redemption value and classified as temporary equity upon the completion of the IPO, in accordance with ASC Topic 480,
“Distinguishing Liabilities from Equity.” The Company has determined not to consummate any Business Combination unless the
Company has net tangible assets of at least $5,000,001 upon such consummation in order to avoid being subject to Rule 419 promulgated
under the Securities Act.

The Company will have until the Combination Deadline
to complete its initial Business Combination. The Company will: (i) cease all operations except for the purpose of winding up; (ii) as
promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price,
payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the
trust account and not previously released to us to pay our franchise and income taxes, if any (less up to $100,000 of interest to pay
dissolution expenses) divided by the number of