Company: CHPG
Filing Date: 2025-07-07
Form Type: 10-Q
Source: 0001213900-25-061810
Chunk: 108

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-07-07
Form: 10-Q
Item: Part I, Item 3
Chunk 108
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 this Quarterly Report on Form 10-Q, there has been no changes in our internal control over financial reporting (as such term is defined
in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal quarter covered by this report that has materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

We are not a party to any
material legal proceedings and no material legal proceedings have been threatened by us or, to the best of our knowledge, against us.

ITEM 1A. RISK FACTORS.

As a smaller reporting company,
we are not required to include risk factors in this Report. However, factors that could cause our actual results to differ materially
from those in this Quarterly Report are any of the risks described in our Prospectus. Any of these factors could result in a significant
or material adverse effect on our results of operations or financial condition. Additional risk factors not presently known to us or that
we currently deem immaterial may also impair our business or results of operations. As of the date of this Quarterly Report, there have
been no material changes to the risk factors disclosed in our Prospectus.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
FROM REGISTERED SECURITIES.

Unregistered Sales of Equity Securities

On May 29, 2025, substantially
concurrently with the closing of the initial public offering (the “IPO”) of the Company, 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 described in the final prospectus of the Company relating to the IPO (SEC
File No. 333-283689), dated May 27, 2025 and filed with the SEC on May 28, 2025