Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 20

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 1
Chunk 20
---
with all agreements and budget.

Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through the date when these unaudited financial statements were issued. Based on this review,
except as discussed below, the Company did not identify any subsequent events that would require adjustment or disclosure in the unaudited
financial statements.

On April 30, 2025, the Company changed the terms
of its IPO. Pursuant to the updated terms of IPO, the Company intends to offer for sale of 7,475,000 Units. Each Unit has an offering
price of $10.00 and consists of one share of the Company’s Class A ordinary share and one right The Sponsor has committed to purchase
an aggregate of 230,000 Private Units at a price of $10.00 per Private Units for an aggregate purchase price of $2,300,000. The underwriter
will be entitled to a cash underwriting discount of $0.10 per Unit, or $747,500, payable upon the closing of the IPO. In addition, the
Company has agreed to issue of 112,125 Class A ordinary shares at the closing of the IPO. Additionally, the underwriter will be entitled
to a cash underwriting discount of $0.20 per Unit to be paid in cash, or $1,495,000 for deferred underwriting commissions to be paid upon
the completion of initial Business Combination.

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 due to change of IPO terms. All
share amounts, per-share amounts and relevant disclosures for the period presented in these unaudited financial statements and notes thereto
have been adjusted retroactively to reflect these new terms.

On May 11, 2025, the Company executed an amendment
to the offer letter by and between the CEO and the Company, dated May 21, 2024, and an amendment to the offer letter by and between the
CFO and the Company, dated May 21, 2024 (the two amendments, collectively, “Amendments”), to revise the terms of the management
compensation. Effective on May 11, 2025, the Amendments provide that:

The CEO shall receive (i) monthly cash compensation
of $7,500 for three months from the date