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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.
