Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 0

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS 

CHAMPIONSGATE ACQUISITION CORPORATION

BALANCE SHEETS

(UNAUDITED)

    March 31,  
    December 31, 

    2025  
    2024 
  
    Assets 

    Current Assets 

    Cash 
    $2,532  
    $3 
  
    Prepaid expenses 
     28,954  
     26,000 
  
    Total Current Assets 
     31,486  
     26,003 

    Non-current Assets 

    Deferred offering costs 
     325,585  
     269,102 
  
    Total Assets 
    $357,071  
    $295,105 

    Liabilities and Shareholders’ Deficit 

    Current Liabilities 

    Accounts payable and accrued expenses 
    $98,688  
    $67,398 
  
    Accrued offering costs 
     60,573  
     35,320 
  
    Due to related parties 
     91,931  
     54,401 
  
    Promissory note - related party 
     417,147  
     331,927 
  
    Total Current Liabilities 
     668,339  
     489,046 
  
    Total Liabilities 
     668,339  
     489,046 

    Commitments and Contingencies (Note 6) 

    Shareholders’ Deficit: 

    Preference shares, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding 
     -  
     - 
  
    Class A ordinary shares, $0.0001 par value, 445,000,000 shares authorized, none issued and outstanding 
     -  
     - 
  
    Class B ordinary shares, $0.0001 par value, 50,000,000 shares authorized, 2,170,161 shares issued and outstanding (1)(2) 
     217  
     217 
  
    Additional paid-in capital 
     56,689  
     56,689 
  
    Contribution receivable 
     (1) 
     (1)
  
    Accumulated deficit 
     (368,173) 
     (250,846)
  
    Total Shareholders’