Company: CHPG
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111468
Chunk: 66

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 Cash Equivalents

 The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company had $17,351 and $3 cash in bank
as of September 30, 2025 and December 31, 2024, respectively.

Investments Held in Trust Account

As of September 30, 2025 and December 31, 2024,
substantially all of the assets of $76,167,558 and $0 held in the trust account, respectively, are invested primarily in money
market funds. These investments are presented on the balance sheet at fair value at the end of each reporting period. Earnings on these
investments are included in interest and dividends income in the accompanying statements of operations and is automatically reinvested.
The fair value for these investments is determined using quoted market prices in active markets. The interest and dividend income on investments
held in trust account were $795,474 and $0 for the three months ended September 30, 2025 and 2024, respectively, $1,043,808 for the nine
months ended September 30, 2025, and $0 for the period from March 27, 2024 (inception) through September 30, 2024.

Concentration of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution,
which, at times, may exceed the Federal Depository Insurance Coverage (“FDIC”) of $250,000. As of September 30, 2025 and December
31, 2024, $0 was over the FDIC limit. The Company has not experienced losses on the account.

Offering Costs

The Company complies with the requirements of
ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A — Expenses of Offering.
Deferred offering costs consist of underwriting, legal, and other expenses incurred through the balance sheet date that are directly related
to the IPO and were charged to shareholders’ equity upon the completion of the IPO. 

8

Net Income (Loss) Per Share

The Company complies with accounting and disclosure
requirements of FASB ASC 260, “Earnings Per Share”. Net income (loss) per ordinary share is computed by dividing net loss
by the weighted average number of ordinary shares outstanding for the period.