Company: CHPG
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111468
Chunk: 78

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 of September 30, 2025 and December 31, 2024,
the Company had salary payable for the CEO of $0 and $32,500, respectively.

 As of September 30, 2025 and December 31, 2024,
the Company had salary payable for the CFO of $0 and $21,901, respectively.

Note 6 — Commitments and
Contingencies

Underwriter Registration Rights

 The holders of the insider shares, Private Placement
Units (including securities contained therein) and Units (including securities contained therein) that may be issued on conversion
of Working Capital Loans or extension loans will be entitled to registration rights pursuant to a registration rights agreement to be
signed prior to or on the effective date of the IPO requiring the Company to register such securities for resale. The holders of these
securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition,
the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the
Company’s completion of the Company’s initial Business Combination and rights to require the Company to register for resale
such securities pursuant to Rule 415 under the Securities Act. The Company will bear the expenses incurred in connection with the
filing of any such registration statements.

14

Underwriting Agreement

 The Company granted the underwriter of the IPO
a 45-day option to purchase up to an additional 975,000 Units solely to cover over-allotments, if any. The underwriters
exercised the over-allotment option.

 The underwriter was paid a cash underwriting discount
of $0.10 per Unit, or $747,500 at the closing of the IPO. In addition, the Company issued 112,125 Class A ordinary shares to the underwriter
at the closing of the IPO.

In conjunction with the IPO, the Company issued
to the underwriter 112,125 Class A ordinary shares for no consideration. The fair value of the Representative Shares accounted for as
compensation under ASC 718 is included in the offering costs. The estimated fair value of the Representative Shares as of the IPO date
totaled $293,020, or $2.61 per share.

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