Company: CHPG
Filing Date: 2025-05-30
Form Type: 8-K
Source: 0001213900-25-049088
Chunk: 0

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-30
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01

Entry into a Material Definitive Agreement

On
May 14, 2025, the Registration Statement on Form S-1 (File No. 333-283689) (the “ Registration Statement”) relating to the
initial public offering (the “ IPO”) of ChampionsGate Acquisition Corp, a Cayman Islands exempted company (the “ Company”),
was declared effective by the U. S. Securities and Exchange Commission. On May 29, 2025, the Company consummated the IPO of 7,475,000 units
(the “ Units”), including the full exercise of the underwriter’s option to purchase an additional 975,000 Units
to cover over-allotments. Each Unit consists of one Class A ordinary share, $0.0001 par value per share (each, a “ Class A Ordinary
Share”), and one right (each, a “ Right”), each one Right entitling the holder thereof to exchange for one-eighth of
one ClassA Ordinary Share upon the completion of the Company’s initial
business combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $74,750,000.

Substantially concurrently with the closing of
the IPO, the Company completed the private sale of 230,000 units (the “ Private Units”) to ST Sponsor Investment LLC (the “ Sponsor
HoldCo”), a Cayman Islands limited liability company which has one member, ST Sponsor Limited, a Cayman Islands exempted company
and the Company’s sponsor (the “ Sponsor”). Each Private Unit consists of one Class A Ordinary Share and one right. The
Private Units were sold at a purchase price of $10.00 per Private Units, generating gross proceeds to the Company of $2,300,000. The Private
Units are identical to the Units sold in the IPO, subject to limited exceptions as further described in the Registration Statement.

The Company also issued to Clear Street LLC, the
representative of the underwriters of the IPO (the “ Representative”), 112,125 Class A Ordinary Shares as part of the underwriting
compensation (the “ Representative Shares”) on the closing of the IPO. The Representative Shares are identical to the Class
A Ordinary Shares included in the Units, except that the Representative has agreed not to transfer, assign, sell, pledge, or hypothecate
any such representative shares, or subject such Representative Shares to hedging, short sale, derivative