Company: CHPG
Filing Date: 2025-05-06
Form Type: S-1/A
Source: 0001213900-25-039846
Chunk: 194

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-06
Form: S-1/A
Chunk 194
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ii) an offer letter with Mr. Graj on May 21, 2024, which provides that, in connection with his service as the CFO of the Company, Mr. Graj shall receive cash compensation of $5,000 from the date of the offer letter until the IPO is consummated, and (y) $6,000 from the date the IPO is consummated until the end of the term of the offer letter. Prior to the offering, we paid the monthly cash compensations through a certain loan provided by the sponsor to us to be used for a portion of the expenses of this offering, evidenced by a certain promissory note issued to the sponsor on April 18, 2024; after the offering, we intend to continue paying them through the net proceeds of this offering that will not be held in the Trust Account. For further information about the source of the compensation, see “ Use of Proceeds” on page 78 of this prospectus. Other than the foregoing and the ownership of insider shares by Mr. Padmakumar, Mr. Graj and the independent directors, our directors and officers have not received or will receive any other form of compensation upon the closing of the offering. See “ Management — Executive Officer and Director Compensation” on page 125 of the prospectus. Except as disclosed under this section, the Sponsor HoldCo or the sponsor do have any agreement, arrangement, or understanding with the Company regarding any compensation, reimbursement, or transfer of interests in relation to our initial business combination, nor is there any agreement between the sponsor and any unaffiliated shareholders of the Company regarding redemptions, payments, compensation, reimbursement, or transfer of interests. In addition to the insider shares, the compensation received or to be received and the amount of securities issued or to be issued to our insiders, including the issuance of working capital units that may be converted from the working capital notes and the issuance of extension units that may be converted from the extension notes, will have dilutive effect on the public shares you hold. However, the extent of such dilutive effect is uncertain. For further information, see “ Risk Factor — The conversion of any working capital notes or extension notes into working capital units or extension units may result in significant dilution to your public shares.” and “Risk Factor — We may issue additional ordinary or preferred shares or debt securities to complete a business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and