Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 69

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 69
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 funds held in the Trust Account and require us to complete a business combination within 18months from the closing of the offering (or up to 27 months if we extend the period of time to consummate a business combination, as described in more detail in this prospectus). Because we are not subject to Rule 419, our units will be immediately tradable, we will be entitled to withdraw amounts from the funds held in the Trust Account prior to the completion of a business combination and we may have more time to complete an initial business combination. For a more detailed comparison of this offering to offerings that comply with Rule 419, see “ Proposed Business— Comparison to offerings of blank check companies subject to Rule 419” on page 113 of this prospectus. 41 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 likely present other risks. Pursuant to our second amended and restated memorandum and articles of association that we will adopt immediately prior to or upon the effectiveness of this prospectus, we will be authorized to issue 445,000,000 Class A ordinary shares, par value of $0.0001 each, 50,000,000 Class B ordinary shares, par value of $0.0001 each, and 5,000,000 preferred shares, par value of $0.0001 each.Immediately after this offering, there will be 20,805,000 Class A ordinary shares and 5,806,452 Class B ordinary shares (assuming, in each case, that the underwriters have not exercised their over -allotmentoption and 870,967 insider shares have been forfeited as a result) issued and outstanding. As a result, there will be 424,195,000 unissued Class A ordinary shares, 44,193,548 unissued Class B ordinary shares and 5,000,000 unissued preferred shares available for issuance, respectively, which amount does not take into account the Class A ordinary shares reserved for issuance upon conversion of any outstanding rights. Immediately after the consummation of this offering, there will be no preferred shares issued and outstanding. Although we have no commitment as of the date of this offering, we may issue a substantial number of additional ordinary shares or preferred shares or debt securities, or a combination of thereof, to complete a business combination or under an employee incentive plan after completion of our