Company: CHPG
Filing Date: 2025-03-27
Form Type: S-1/A
Source: 0001013762-25-002932
Chunk: 183

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-03-27
Form: S-1/A
Chunk 183
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 tender in connection with a proposed initial business combination. Assuming the over -allotmentoption is not exercised and the insiders do not purchase any units in this offering or units or shares in the after -market, our insiders including our Sponsor Holdo, sponsor, directors, and officers, collectively represent 23.7% of issued and outstanding ordinary shares on converted basis. As a result, for purpose of seeking shareholder approval for our initial business combination, in addition to our insider shares and private shares, we would need additional 6,994,275 public shares to vote in order to obtain a quorum which will be, pursuant to the second amended and restated memorandum and articles of association that we will adopt immediately prior to or upon the effectiveness of this prospectus, a majority of our issued and outstanding ordinary shares entitled to vote at the meeting. Once a quorum is obtained, (i) assuming only a quorum is present and voted at such meeting held to vote on 108 our initial business combination, 341,412 public shares, or 1.7% of the 20,000,000 public shares sold in this offering are needed to be voted in favor of a transaction, or (ii) assuming all issued and outstanding shares are present and voted, we need additional 6,994,275, or 35.0%, of the 20,000,000 public shares sold in this offering are needed to be voted in favor of a transaction (none of our officers, directors, insiders or their affiliates has indicated any intention to purchase units in this offering or any units or Class A ordinary shares in the open market or in private transactions (other than the private units)). Permitted Purchases of our Securities In the event we seek shareholder approval of our business combination and we do not conduct redemptions in connection with our business combination pursuant to the tender offer rules, our founders, advisors or their affiliates may purchase shares in privately negotiated transactions or in the open market either prior to or following the completion of our initial business combination. There is no limit on the number of shares or rights our Sponsor HoldCo, sponsor, directors, officers, advisors or their affiliates may purchase in such transactions, subject to compliance with applicable law and Nasdaq rules. However, they have no current commitments, plans or intentions to engage in such transactions and have not formulated any terms or conditions for any such transactions. If they engage in such transactions, they will not make any such purchases when they are in possession of any material non -publicinformation not disclosed