Company: CHPG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001213900-25-077011
Chunk: 152

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 4
Chunk 152
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475,000
Public Units, at a price of $10.00 per Unit, generating gross proceeds of $74,750,000. Simultaneously with the closing of the IPO, we
consummated the sale of 230,000 Private Placement Units, to our sponsor in Private Placement, generating gross proceeds of $2,300,000.

The net proceeds of $75,123,750 from the IPO and
the Private Placement were placed in the Trust Account established for the benefit of the Company’s public shareholders and the
underwriters of the IPO with Continental Stock Transfer & Trust Company acting as trustee.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

On August 12, 2025, the board of directors were
informed that Mr. Sunny Kah Wei Tan, the director of the Sponsor and manager of the Sponsor LLC, has recently passed away. According
to the company’s understanding of applicable Cayman Islands law, the director position of the Sponsor and manager position of the
Sponsor LLC would be vacated until an executor or administrator is appointed by a Cayman Islands court. In addition, absent an appointment
of an executor or administrator by the Cayman Islands court, no natural person may exercise any rights conferred by the memorandum and
articles of association of the Sponsor as a shareholder thereof, or any rights conferred by the LLC agreement of the Sponsor LLC as a
member thereof. The Company understands that Ms. Teo Li Chen, the surviving spouse of Mr. Tan, is exploring legal options to assume
control over Mr. Tan’s assets in the Sponsor and Sponsor LLC.

22

ITEM 6. EXHIBITS 

The following exhibits are filed as part of, or incorporated by reference
into, this Quarterly Report on Form 10-Q.

    Exhibit
 No.
     
    Description
  
    31.1*
     
    Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

    31.2*
     
    Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Ox