Company: CHPG
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-042135
Chunk: 131

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-05-12
Form: S-1/A
Chunk 131
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 that the Company consummates an initial business combination; (iii) the date the Company is wound up; or (iv) the date that he vacates his positions or he is removed or disqualified from his positions pursuant to the Company’s memorandum and articles of association. The offer letter provides that, during the Term, Mr. Padmakumar shall receive (i) three monthly cash payments of $7,500 from the date of the offer letter until the IPO is consummated, (ii) three monthly cash payments of $7,500 from the date the IPO is consummated to the 90 thdate after the closing of the IPO, (iii) $22,500 upon the entry of a definitive agreement for our initial business combination, and (iv) $22,500 upon the closing of our initial business combination. We have also offered to and our CFO, Mr. Graj, has accepted an offer letter, dated May 21, 2024, as amended on May 11, 2025, which sets out the same Term as the offer letter for Mr. Graj. The offer letter provides that, during the Term, Mr. Graj shall receive (i) three monthly cash payments of $5,000 from the date of the offer letter until the IPO is consummated, (ii) three monthly cash payments of $5,000 from the date the IPO is consummated to the 90 thdate after the closing of the IPO, (iii) $15,000 upon the entry of a definitive agreement for our initial business combination, and (iv) $15,000 upon the closing of our initial business combination. Prior to the offering, we paid the monthly cash compensation through a certain loan provided by the sponsor to us to be used for a portion of the expenses of this offering, evidenced by a certain promissory note issued to the sponsor on April 18, 2024; after the offering, we intend to continue paying them through the net proceeds of this offering that will not be held in the Trust Account. As a result, we assume all milestones and conditions for each of the two offer letters will be fully satisfied and will allocate the cash compensation accordingly. Our Sponsor HoldCo has agreed to purchase an aggregate of 215,375 private units at a price of $10.00 per private unit ($2,153,750 in the aggregate) in a private placement that will occur simultaneously with the closing of this offering. Our Sponsor HoldCo has further agreed that if the