Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 94

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 94
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 this prospectus). If there is an annual general meeting, as a consequence of our “staggered” board of directors, only a minority of the board of directors will be considered for election and our insiders, because of their ownership position, will have considerable influence regarding the outcome. Accordingly, our insiders will continue to exert control at least until the consummation of a business combination. The nominal purchase price paid by our Sponsor HoldCo for the insider shares may result in significant dilution to the implied value of your public shares prior to or upon the consummation of our initial business combination. We are offering our units at an offering price of $10.00 per unit and the amount in our Trust Account is initially anticipated to be $10.05 per public share, implying an initial value of $10.05 per public share. However, prior to this offering, our insiders paid a nominal aggregate purchase price of $25,452.12 for 6,677,419 ordinary shares, or the insider shares, at approximately $0.004 per share. As a result, your public shares will be significantly diluted. Upon closing of this offering, and assuming no value is ascribed to the private units included in the units, you and the other public shareholders will incur an immediate and substantial dilution of approximately 103.9% (or $9.24 per share, assuming no exercise of the underwriters’ over -allotmentoption), the difference between the pro forma net tangible book value per share after this offering of $(0.35) and the effective initial offering price of $8.89 per share included in the units (adjusted to exclude the value of the rights). For example, the following table shows the dilutive effect of the insider shares on the implied value of the public shares upon full redemption of the insider shares at the discretion of the holders or the consummation of our initial business combination assuming that our equity value at that time is $201,000,000, which is the amount we would have for our initial business combination in the Trust Account assuming the underwriters’ over -allotmentoption is not exercised, no interest is earned on the funds held in the Trust Account, and no public shares are redeemed in connection with our initial business combination, and without taking into account any other potential impacts on our valuation at such time, such as the trading price of our public shares, the business combination transaction costs (excluding payment of $4,000,000 of deferred underwriting commissions), any equity issued