Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 223

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 223
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 issue Class Y membership interests of the Sponsor HoldCo at a nominal purchase price to the non -managingHoldCo investors, reflecting interests in an aggregate of 3,000,000 insider shares of the Company held by our Sponsor HoldCo. Non -managingHoldCo investors will have no right to control the Sponsor HoldCo or participate in any decision regarding the disposal of any security held by the Sponsor

133 HoldCo, or otherwise. The non -managingHoldCo investors are not granted any shareholder or other rights in addition to those afforded to our other public shareholders, and will only be issued Class X or Class Y membership interests in the Sponsor HoldCo, with no right to control the Sponsor HoldCo or vote or dispose of any securities held by the Sponsor HoldCo, including the insider shares and the private units held by the Sponsor HoldCo. (5)On May 15, 2024, our sponsor entered into a securities transfer agreement pursuant to which the sponsor agrees to transfer 100,000 Class B ordinary shares to our CEO and Chairman, Mr. Padmakumar, and 60,000 Class B ordinary shares to our CFO and director, Mr. Graj, for an aggregate of $1,855.07. (6)Our Sponsor HoldCo has committed to enter into a securities transfer agreement immediately before this offering with each of our independent directors, pursuant to which, the sponsor shall transfer 20,000 insider shares to each of our independent director immediately after the offering. (7)Includes 5,586,452 Class B ordinary shares (or insider shares) and 505,000 Class A ordinary shares underlying 505,000 private placement units in the private placement. (8)Each of this refers to Class B ordinary shares (or insider shares). Immediately after this offering, our insiders will beneficially own approximately 23.7% of the then issued and outstanding ordinary shares (assuming none of them purchase any units offered by this prospectus). None of our insiders, officers and directors has indicated to us that he intends to purchase securities in this offering. Because of the ownership block held by our insiders, such individuals may be able to effectively exercise control over all matters requiring approval by our shareholders, including the election of directors and approval of significant corporate transactions other than approval of our initial business combination. All of the insider shares issued and outstanding prior to the date of this prospectus will be subject to transfer restrictions pursuant to lock -upprovisions in a letter agreement to be entered into by and among the Company