Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 213

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 213
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Co 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. (6)Includes 1,667,097 Class B ordinary shares (or insider shares) and 215,375 Class A ordinary shares underlying 215,375 private placement units in the private placement. (7)Each of this refers to Class B ordinary shares (or insider shares). Immediately after this offering, our insiders will beneficially own approximately 24.2% 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

133 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, the Sponsor HoldCo and each of our directors and officers. Those lock -upprovisions provide that, until (1) with respect to 50% of the insider shares, the earlier of six months after the date of the consummation of our initial business combination and the date on which the closing price of our ordinary shares equals or exceeds $12.50 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing after our initial business combination and (2) with respect to the remaining 50% of the insider shares, six months after the date of the consummation of our initial business combination, or earlier, in either case, if, subsequent to our initial business combination, we consummate a liquidation, merger, share exchange or other similar transaction which results in all of our shareholders having the right to exchange their shares for cash, securities or other property. Up to 283,064 of the insider shares may also be released from lock -upearlier than this date for forfeiture and cancellation if the over -allotmentoption is not exercised in full as described above. The private units (including the