Welcome to our dedicated page for ChampionsGate news (Ticker: CHPG), a resource for investors and traders seeking the latest updates and insights on ChampionsGate stock.
ChampionsGate Acquisition Corporation (Nasdaq: CHPG / CHPGU) is a blank check company and Cayman Islands exempted company formed to pursue a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. As a special purpose acquisition company in the Financial Services sector, its news flow centers on capital markets activity, management developments, and progress toward a potential business combination.
News about ChampionsGate Acquisition Corporation includes announcements related to its initial public offering on the Nasdaq Global Market, where it detailed the pricing and subsequent closing of its unit offering. These releases describe the structure of its units, which consist of Class A ordinary shares and rights, and explain how those securities are expected to trade under the symbols CHPG, CHPGU and CHPGR at different stages.
The company has also issued news regarding changes in leadership. One notable announcement reported the appointment of a new Chief Executive Officer, Chairman and director, highlighting the appointee’s executive leadership and operational management experience and describing how the board expects to draw on that background in guiding the search for a suitable business combination opportunity.
Investors and observers following CHPG-related news can expect updates on offering milestones, unit and share trading details, sponsor and structural information, and key management changes. As the company advances its objective of identifying and completing a business combination, future disclosures are likely to focus on transaction-related developments and other material events. This news page aggregates such public announcements so readers can review the company’s capital markets activity and corporate developments in one place.
ChampionsGate Acquisition Corporation (Nasdaq: CHPGU) announced the appointment of Boon Liat Timothy Lim as Chief Executive Officer, Chairman and director effective Oct. 20, 2025. Mr. Lim brings more than two decades of executive leadership and operational experience in Southeast Asia and has served as an independent consultant since Jan. 2022. He held senior roles at Dragon Group International from 2006–2021 and at ASTI Holdings from 2004–Dec. 2021, including executive director and acting CEO responsibilities. Mr. Lim succeeds Bala Padmakumar, who departed on July 31, 2025. The board highlighted Mr. Lim’s business management experience and regional relationships as key to advancing the company’s search for a business combination.
ChampionsGate Acquisition Corporation (NASDAQ: CHPGU) has successfully completed its initial public offering, raising $74.75 million by selling 7,475,000 units at $10.00 per unit. The offering includes the full exercise of the underwriter's over-allotment option. Each unit comprises one Class A ordinary share and one right, with each right convertible to one-eighth of a Class A ordinary share upon the company's initial business combination.
Trading began on the Nasdaq Global Market under "CHPGU" on May 28, 2025. The company, sponsored by ST Sponsor Limited, is a blank check company aiming to merge or combine with existing businesses across any industry or region. Clear Street LLC served as the sole book-running manager, while FocalPoint Asia acted as the Sponsor's exclusive advisor.
ChampionsGate Acquisition Corporation announced the pricing of its $65 million IPO, offering 6.5 million units at $10.00 per unit. Each unit includes one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share. The units will trade on Nasdaq under "CHPGU" starting May 28, 2025, with shares and rights later trading separately under "CHPG" and "CHPGR".
The company is a blank check company incorporated in the Cayman Islands, seeking to pursue a business combination. Clear Street is serving as the sole book-running manager, with a 45-day option to purchase up to 975,000 additional units for over-allotments. The offering is expected to close on May 29, 2025.