Company: CHPG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001213900-25-077011
Chunk: 60

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 concern within one year after the date that the unaudited financial statements
are issued. Management’s plans to address this need for capital through the Working Capital Loans, as defined below (see Note 5).
In addition, if the Company is unable to complete a Business Combination before the Combination Deadline, the Company’s board of
directors would proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company. There is no assurance that
the Company’s plans to raise capital or to consummate a Business Combination will be successful or successful within the required
period. As a result, management has determined that such additional condition also raise substantial doubt about the Company’s ability
to continue as a going concern. The unaudited financial statements do not include any adjustments that might result from the Company’s
inability to consummate the Business Combination to continue as a going concern.

Risks and Uncertainties

As a result of the military action commenced in
February 2022 by the Russian Federation and Belarus in the country of Ukraine and related economic sanctions, the Company’s
ability to consummate a Business Combination, or the operations of a target business with which the Company ultimately consummates a Business
Combination, may be materially and adversely affected. In addition, the Company’s ability to consummate a transaction may be dependent
on the ability to raise equity and debt financing which may be impacted by these events, including as a result of increased market volatility,
or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of this
action and related sanctions on the world economy and the specific impact on the Company’s financial position, results of operations
and/or ability to consummate a Business Combination are not yet determinable. The unaudited financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

Note 2 — Significant Accounting
Policies

Basis of Presentation

The accompanying unaudited financial statements
are presented in conformity with accounting principles generally accepted in the United States of America (“US GAAP”)
and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). The interim financial
information provided is unaudited but includes all adjustments which management considers necessary for the fair presentation of the results
for the period. Operating results for the interim period ended June 30, 2025 are not necessarily indicative of the results that may be
expected for the fiscal year ending December