Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 4

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 4
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 our second amended and restated memorandum and articles of association, we will distribute the aggregate amount then on deposit in the Trust Account, including interest (net of taxes payable and up to $100,000 of interest released to us to pay dissolution expenses), pro rata to our public shareholders, by redeeming 100% of the public shares at a per -shareprice, payable in cash, as described in this prospectus and thereafter cease all operations except for the purpose of winding up of our affairs, as further described herein. Prior to the offering, our insiders collectively own 6,677,419 Class B ordinary shares, par value of $0.0001 each, or “insider shares” (up to 870,967shares of which are subject to forfeiture depending on the extent to which the underwriter’s over -allotmentoption is exercised), including (i) 6,517,419 insider shares owned by ST Sponsor Investment LLC, or our “Sponsor HoldCo”, 60,000 of which will be transferred to the independent directors of the Company immediately before the offering, (ii) 100,000 insider shares owned by our Chairman, CEO and Director, Bala Padmakumar, and (iii) 60,000 insider shares owned by our CFO and Director, Evan M. Graj. Upon the consummation of this offering, our insiders will own approximately 22.5% of our issued and outstanding ordinary shares (without given effect to the sale of the private units and representative shares, and assuming our insiders do not purchase units in this offering). If we increase or decrease the size of this offering, we will effect a share capitalization or a compulsory redemption or redemption or other appropriate mechanism, as applicable, with respect to our insider shares immediately prior to the consummation of this offering in such amount so as to maintain the number of insider shares, on an as -convertedbasis, at approximately 22.5% of our issued and outstanding ordinary shares upon the consummation of this offering (without given effect to the sale of the private units and representative shares, and assuming our insiders do not purchase units in this offering). For further information about the adjustment of insider shares, see “ Description of Securities — Ordinary Shares” on page 141 of this prospectus. The insider shares are identical to the Class A ordinary shares of the Company, except that (i) they will automatically convert into our Class A ordinary shares at the time of our initial business combination, (b) they are