Company: CHPG
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111468
Chunk: 82

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 82
---
 Trust Account 
     795,474  
     -  
     1,043,808  
     - 
  
    Total other income 
     795,474  
     -  
     1,043,808  
     - 

    Net income (loss) 
    $682,288  
    $(107,443) 
    $494,905  
    $(172,120)

Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through the date when these unaudited financial statements were issued. Based on this review,
except as discussed below, the Company did not identify any subsequent events that would require adjustment or disclosure in the unaudited
financial statements.

On October 17, 2025, Mr. Timothy Boon Liat Lim
was appointed as the Chairman, CEO and director of the Company, effective immediately. In connection with the appointment, the Company
extended an offer letter to Mr. Lim (the “New Offer Letter”), which he accepted on October 17, 2025, pursuant to which Mr.
Lim shall receive $13,250 if and when the Company enters into a definitive agreement with a target company and another $13,250 if and
when the Company consummates an initial business combination with a target company.

16

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

References in this report (the “Quarterly
Report”) to “we,” “us” or the “Company” refer to ChampionsGate Acquisition Corporation. References
to our “management” or our “management team” refer to our officers and directors, and references to the “Sponsor”
refer to ST Sponsor Limited and the “Sponsor HoldCo” refer to ST Sponsor Investment LLC. The following discussion and analysis
of the Company’s financial condition and results of operations should be read in conjunction with the unaudited financial statements
and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth
below includes forward-looking statements that involve risks and uncertainties.

Special Note Regarding Forward-Looking Statements

This
Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 193