Company: CHPG
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001213900-25-077011
Chunk: 27

Company: ChampionsGate Acquisition Corp
Filing Date: 2025-08-15
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 has determined that the Company
only has one operating segment.

When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM reviews several key metrics, which includes formation and operating costs.
The following table presents the significant segment expenses of the Company’s single segment.

    For the 
period from 

    For the  
    For the  
    For the  
    March 27,  

    Three Months 
Ended  
    Three Months 
Ended  
    Six Months 
Ended  
    2024
(Inception) to 

    June 30, 
2025  
    June 30, 
2024  
    June 30, 
2025  
    June 30, 
2024 

    Formation and operating costs 
    $162,486  
    $32,717  
    $279,813  
    $32,772 
  
    Stock compensation expense 
     155,904  
     31,905  
     155,904  
     31,905 
  
    Loss from operations 
     (318,390) 
     (64,622) 
     (435,717) 
     (64,677)

    Interest and dividend income on  investments held in Trust Account 
     248,334  
     -  
     248,334  
     - 
  
    Total other income 
     248,334  
     -  
     248,334  
     - 

    Net loss 
    $(70,056) 
    $(64,622) 
    $(187,383) 
    $(64,677)

Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through the date when these unaudited financial statements were issued. Based on this review,
except as discussed below, the Company did not identify any subsequent events that would require adjustment or disclosure in the unaudited
financial statements.

On July 7, 2025, the Company repaid $350,000 of
Promissory Note (see Note 5) to Sponsor and transferred the remaining balance of $76,975 to the Working Capital Loan.

On July 31, 2025, Mr. Bala Padmakumar, then Chairman,
CEO and director of the Company notified the board of directors of the Company, that