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

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 25
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 cash or $10.00 per unit, or the “extension units,” at the closing of our initial business combination. If we do not complete our initial business combination, the loans would be repaid out of funds not held in the Trust Account, and only to the extent available. The working capital units and extension units would be identical to the private units sold in the private placement. The terms of such loans by our insiders, officers and directors or their affiliates, if any, have not been determined and no written agreements exist with respect to such loans. We do not expect to seek loans from parties other than our insiders or an affiliate of our insiders as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our Trust Account, but if we do, we will request such lender to provide a waiver against any and all rights to seek access to funds in our Trust Account.

8 With regard to our directors and officers, other than the insider shares owned by our Chairman, CEO and Director, Mr.Bala Padmakumar, our CFO and Director, Mr.Evan M. Graj, and the expected transfer of 20,000 insider shares to each of our independent directors immediately prior to the offering, we have entered into (i) an offer letter with Mr.Padmakumar on May21, 2024, as amended on May11, 2025, which provides that, during the term of his service as the CEO and Chairman of the Company and subject to certain conditions and milestones provided therein, Mr.Padmakumar shall receive up to $90,000 in cash compensation; and (ii) an offer letter with Mr.Graj on May21, 2024, as amended on May11, 2025, which provides that, during the term of his service as the CEO and Chairman of the Company and subject to certain conditions and milestones provided therein, Mr.Graj shall receive up to $60,000 in cash compensation. Prior to the offering, we paid the monthly cash compensation 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 April18, 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. For further information about the source of the compensation, see “ Use of Proceeds” on page 78 of