Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 6

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 Except with respect to divided and/or interest earned on the funds held in the trust account
that may be released to the Company to pay the Company’s tax obligation, if any, the proceeds from the IPO and the sale of the Private
units that are deposited and held in the trust account will not be released from the trust account until the earliest to occur of
(i) the completion of the Company’s initial Business Combination, (ii) the redemption of any public shares properly tendered
in connection with a shareholder vote to amend the company’s second amended and restated memorandum and articles of association
to (A) modify the substance or timing of obligation to redeem 100% of the Company’s public shares if the Company does not complete
the Company’s initial Business Combination within 18 months from the closing of the IPO (or up to 27 months from the closing
of the IPO if the Company extends the period of time to consummate a Business Combination by the full amount of time) provided that the
Company’s sponsor and/or designees must deposit into the trust account for each three months extension, $650,000, or $747,500
if the underwriter’s over-allotment option is exercised in full at certain costs, up to an aggregate of $1,300,000 or $1,495,000
if the underwriter’s over-allotment option is exercised in full, 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 within 18 months from the closing
of the IPO (or up to 27 months from the closing of the IPO if the Company extends the period of time to consummate a Business Combination
by the full amount of time), 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