Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 58

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 of the insider shares, Private units (including
securities contained therein) and Units (including securities contained therein) that may be issued on conversion of working capital
loans or extension loans will be entitled to registration rights pursuant to a registration rights agreement to be signed prior to or
on the effective date of this offering requiring the Company to register such securities for resale. The holders of these securities are
entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders
have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the Company’s
completion of the Company’s initial Business Combination and rights to require the Company to register for resale such securities
pursuant to Rule 415 under the Securities Act. The Company will bear the expenses incurred in connection with the filing of any such
registration 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 will exercise the
over-allotment option.

The underwriter will be entitled a cash underwriting
discount of $0.10 per Unit, or $747,500 at the closing of the IPO. In addition, the Company will issue 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.

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