Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 3

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 and liabilities: 

    Prepaid expenses 
     (2,954) 
     (20,907)
  
    Due to related parties 
     37,530  
     - 
  
    Accounts payable and accrued expenses 
     (29,283) 
     - 
  
    Accrued offering costs 
     25,253  
     - 
  
    Net Cash Used in Operating Activities 
     (86,781) 
     (20,962)

    Cash Flows from Financing Activities: 

    Proceeds from promissory note - related party 
     85,220  
     20,962 
  
    Proceeds from issuance of Class B ordinary shares 
     -  
     25,000 
  
    Payment of deferred offering costs 
     4,090  
     (25,000)
  
    Net Cash Provided by Financing Activities 
     89,310  
     20,962 

    Net Change in Cash 
     2,529  
     - 

    Cash, beginning of period 
     3  
     - 
  
    Cash, end of period 
    $2,532  
    $- 

    Supplemental Disclosure of Noncash Activities: 

    Deferred offering costs included in accrued offering costs 
    $60,573  
    $50,000 

The accompanying notes are an integral part of
these unaudited financial statements.

4

CHAMPIONSGATE ACQUISITION CORPORATION
NOTES TO UNAUDITED FINANCIAL STATEMENTS

Note 1 — Organization, Business
Operation and Going Concern Consideration

ChampionsGate Acquisition Corporation (the “Company”)
is a blank check company incorporated in the Cayman Islands on March 27, 2024 as an exempted company with limited liability. The
Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization
or similar business combination with one or more businesses or entities (the “Business Combination”). The Company’s
efforts to identify a prospective target business will not be limited to a particular industry or geographic location. The Company has
elected December 31 as its fiscal year end.

As of March 31, 2025, the Company had not commenced
any operations. For the period from March 27, 2024 (in