Company: CHPG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001213900-25-077011
Chunk: 74

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 8
Chunk 74
---
 statements.

Underwriting Agreement

The Company granted the underwriter a 45-day option
to purchase up to an additional 975,000 Units solely to cover over-allotments, if any. The underwriters had exercised the
over-allotment option.

The underwriter was paid a cash underwriting discount
of $0.10 per Unit, or $747,500 at the closing of the IPO. In addition, the Company issued to the underwriters 112,125 Class A ordinary
shares at the closing of the IPO.

In conjunction with the IPO, the Company issued
to the underwriter 112,125 Class A ordinary shares for no consideration. The fair value of the Representative Shares accounted for as
compensation under ASC 718 is included in the offering costs. The estimated fair value of the Representative Shares as of the IPO date
totaled $293,020, or $2.61 per share.

Additionally, the underwriter will be entitled
to a cash underwriting discount of $0.20 per Unit to be paid in cash, or $1,495,000 for deferred underwriting commissions to be paid upon
the completion of initial Business Combination. If the Company does not complete its initial Business Combination and subsequently liquidate,
the trustee and underwriter has agreed that (i) it will forfeit any rights or claims to its deferred underwriting discounts and commissions
then in the trust account upon liquidation, and (ii) the deferred underwriters’ discounts and commissions will be distributed
on a pro rata basis, including interest earned on the funds held in the trust account and not previously released to the Company to pay
its taxes or for working capital purposes (less up to $100,000 of interest to pay dissolution expenses).

Note 7 — Shareholder’s
Equity

Preferred Share — The
Company is authorized to issue 5,000,000 shares of preference share, $0.0001 par value, with such designations, voting and other rights
and preferences as may be determined from time to time by the Company’s board of directors. As of June 30, 2025 and December 31,
2024, there were no preferred shares issued or outstanding.

Class A Ordinary Share — The
Company is authorized to issue 445,000,000 shares of Class A ordinary share with $0.0001 par value. As of June 30, 2025 and December
31