Company: CHPG
Filing Date: 2025-05-06
Form Type: S-1/A
Source: 0001213900-25-039846
Chunk: 87

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-06
Form: S-1/A
Chunk 87
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.00 per share. Upon the closing of this offering, our Sponsor HoldCo will have invested in us an aggregate of $2,176,751.40, comprised of the $22,901.40 purchase price for the insider shares (the initial purchase price of $25,001 for the issuance of the 2,170,161 insider shares less the consideration price of $2,550.72 be received from directors and officers in exchange for the transfer of certain insider shares) and the $2,153,750 purchase price for the private shares. Assuming a trading price of $10.00 per share upon consummation of our initial business combination, the 1,887,097 insider shares (assuming the underwriters’ over -allotmentoption is not exercised), 215,375 private shares, and 26,921 Class A ordinary shares underlying the rights issuable upon the consummation of our initial business combination would have an aggregate implied value of $21,293,930. Even if the trading price of our ordinary shares was as low as $1.02 per share, the value of the insider shares and private shares would be equal to the Sponsor HoldCo’s and sponsor’s initial investment in us. As a result, our Sponsor HoldCo and our sponsor are likely to be able to make a substantial profit on its investment in us at a time when our public shares have lost significant value. Accordingly, our management team, may be more willing to pursue a business combination with a riskier or less -establishedtarget business than would be the case if our Sponsor HoldCo and our sponsor had paid the same per share price for the insider shares as our public shareholders paid for their public shares. Our outstanding rights may have an adverse effect on the market price of our ordinary shares and make it more difficult to effect a business combination. We will be issuing rights that will result in the issuance of up to 812,500 Class A ordinary shares as part of the units offered by this prospectus and private rights that will result in the issuance of an additional up to 26,921 Class A ordinary shares. The potential for the issuance of a substantial number of additional shares upon the conversion of the rights could make us a less attractive acquisition vehicle in the eyes of a target business. Such securities, when converted, will increase the number of issued and outstanding Class A ordinary shares and reduce the value of the shares issued to complete the business combination. Accordingly, our rights may make it more difficult to effectuate a business combination or