Company: CHPG
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111468
Chunk: 84

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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 cash, equity and debt. We expect to continue to incur significant costs in the pursuit
of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

Our Initial Public Offering

On May 29, 2025, we consummated our IPO of 7,475,000
units (including 975,000 units issued upon the full exercise of the over-allotment option, the “Units”). Each Unit consists
of one Class A ordinary share (the “Class A ordinary share”), $0.0001 par value per share, and one right (“Right”)
to receive of one-eighth of one Class A ordinary share upon the completion of the initial Business Combination. The Units were
sold at an offering price of $10.00 per Unit, generating total gross proceeds of $74,750,000. Simultaneously with the consummation (the
“closing”) of the IPO and the sale of the Units, we consummated the Private Placement of 230,000 units (the “Private
Placement Units”) to Sponsor HoldCo at a price of $10.00 per Private Placement Unit, generating total proceeds of $2,300,000. Each
Private Placement Unit consists of one Class A ordinary share, and one Right to receive of one-eighth of one Class A ordinary
share upon the completion of the initial Business Combination. On May 29, 2025, a total of $75,123,750 of the net proceeds from the IPO
and the Private Placement was deposited in a trust account established for the benefit of the Company’s Public Shareholders at a
U.S. based trust account, with Continental Stock Transfer & Trust Company, acting as trustee.

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We also issued to Clear Street LLC, the representative
of the underwriters of the IPO, 112,125 Class A ordinary shares as part of the underwriting compensation (the “Representative Shares”)
on the closing date of the IPO. The Representative Shares are identical to the Class A Ordinary Shares included in the Units, with certain
exceptions.

Since our IPO, our sole business activity has
been identifying, evaluating suitable acquisition transaction candidates and preparing for consummation of a Business Combination. We
presently have no revenue and have had losses since inception from incurring formation and operating costs. We have relied upon the sale
of our securities and loans from the Sponsor and other parties to fund our operations.

On June 16,