Company: CHPG
Filing Date: 2025-05-06
Form Type: S-1/A
Source: 0001213900-25-039846
Chunk: 60

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-06
Form: S-1/A
Chunk 60
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 with a target business that has not been identified, we may be deemed to be a “blank check” company under the United States securities laws. However, since we will have net tangible assets in excess of $5,000,000 upon the successful consummation of this offering and will file a Current Report on Form 8 -K, including an audited balance sheet demonstrating this fact, we are exempt from rules promulgated by the SEC to protect investors of blank check companies such as Rule 419. Accordingly, investors will not be afforded the benefits or protections of those rules which would, for example, completely restrict the transferability of our securities, restrict the use of interest earned on the funds held in the Trust Account and require us to complete a business combination within 18months from the closing of the offering (or up to 27 months if we extend the period of time to consummate a business combination, as described in more detail in this prospectus). Because we are not subject to Rule 419, our units will be immediately tradable, we will be entitled to withdraw amounts from the funds held in the Trust Account prior to the completion of a business combination and we may have more time to complete an initial business combination. For a more detailed comparison of this offering to offerings that comply with Rule 419, see “ Proposed Business— Comparison to offerings of blank check companies subject to Rule 419” on page 113 of this prospectus. 39 We may issue additional ordinary or preferred shares or debt securities to complete a business combination or under an employee incentive plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely present other risks. Pursuant to our second amended and restated memorandum and articles of association that we will adopt immediately prior to or upon the effectiveness of this prospectus, we will be authorized to issue 445,000,000 Class A ordinary shares, par value of $0.0001 each, 50,000,000 Class B ordinary shares, par value of $0.0001 each, and 5,000,000 preferred shares, par value of $0.0001 each.Immediately after this offering, there will be 6,812,875 Class A ordinary shares and 1,887,097 Class B ordinary shares (assuming, in each case, that the underwriters have not exercised their over -allotmentoption and 283,064 insider shares have been forfeited as a result) issued and outstanding. As a