Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 140

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 140
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 the date of the offer letter until the IPO is consummated, and (y) $10,000 from the date the IPO is consummated until the end of the term of the offer letter; and (ii) an offer letter with Mr. Graj on May 21, 2024, which provides that, in connection with his service as the CFO of the Company, Mr. Graj shall receive cash compensation of $5,000 from the date of the offer letter until the IPO is consummated, and (y) $6,000 from the date the IPO is consummated until the end of the term of the offer letter. Prior to the offering, we paid the monthly cash compensations through a certain loan provided by the sponsor to us to be used for a portion of the expenses of this offering, evidenced by a certain promissory note issued to the sponsor on April 18, 2024; after the offering, we intend to continue paying them through the net proceeds of this offering that will not be held in the Trust Account. As a result, we allocate cash compensations from their respective commencement date until the anniversary of 18 months from the closing of this offering when we must complete our business combination. Our Sponsor HoldCo has agreed to purchase an aggregate of 550,000 private units at a price of $10.00 per private unit ($5,500,000 in the aggregate) in a private placement that will occur simultaneously with the closing of this offering. Our Sponsor HoldCo has further agreed that if the over -allotmentoption is exercised by the underwriters, it will purchase from us at a price of $10.00 per private unit an additional number of private units (up to a maximum of 45,000 private units) pro ratawith the amount of the over -allotmentoption exercised so that at least $10.00 per share sold to the public in this offering is held in trust regardless of whether the over -allotmentoption is exercised in full or part. These additional private units will be purchased in a private placement that will occur simultaneously with the purchase of units resulting from the exercise of the over -allotmentoption. All of the proceeds we receive from the private placement will be placed in the Trust Account. $201,000,000, or $231,150,000 if the over -allotmentoption is exercised in full, of the net proceeds of this offering and the sale of the private units will be placed