ChampionsGate Acquisition Corporation Announces Closing of $74,750,000 Initial Public Offering
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 (NASDAQ: CHPGU) ha completato con successo la sua offerta pubblica iniziale, raccogliendo 74,75 milioni di dollari tramite la vendita di 7.475.000 unità a 10,00 dollari ciascuna. L'offerta include l'esercizio completo dell'opzione di sovrallocazione da parte degli intermediari. Ogni unità comprende un'azione ordinaria di Classe A e un diritto, con ogni diritto convertibile in un ottavo di azione ordinaria di Classe A al momento della prima fusione o combinazione aziendale della società.
Le negoziazioni sono iniziate sul Nasdaq Global Market con il simbolo "CHPGU" il 28 maggio 2025. La società, sponsorizzata da ST Sponsor Limited, è una blank check company che punta a fondersi o combinarsi con aziende esistenti in qualsiasi settore o regione. Clear Street LLC ha agito come unico gestore del libro ordini, mentre FocalPoint Asia è stato il consulente esclusivo dello Sponsor.
ChampionsGate Acquisition Corporation (NASDAQ: CHPGU) ha completado con éxito su oferta pública inicial, recaudando 74,75 millones de dólares mediante la venta de 7.475.000 unidades a 10,00 dólares por unidad. La oferta incluye el ejercicio total de la opción de sobresuscripción del suscriptor. Cada unidad consta de una acción ordinaria Clase A y un derecho, siendo cada derecho convertible en un octavo de acción ordinaria Clase A tras la combinación comercial inicial de la empresa.
Las acciones comenzaron a cotizar en el Nasdaq Global Market bajo el símbolo "CHPGU" el 28 de mayo de 2025. La compañía, patrocinada por ST Sponsor Limited, es una empresa de cheque en blanco que busca fusionarse o combinarse con negocios existentes en cualquier industria o región. Clear Street LLC actuó como único administrador del libro de órdenes, mientras que FocalPoint Asia fue el asesor exclusivo del patrocinador.
ChampionsGate Acquisition Corporation (NASDAQ: CHPGU)는 성공적으로 기업공개(IPO)를 완료하여 7,475만 달러를 모금했으며, 단위당 10.00달러에 7,475,000 단위를 판매했습니다. 이 공모에는 인수인의 초과배정옵션 전액 행사가 포함되어 있습니다. 각 단위는 클래스 A 보통주 1주와 권리 1개로 구성되며, 각 권리는 회사의 최초 사업 결합 시 클래스 A 보통주의 1/8로 전환 가능합니다.
거래는 2025년 5월 28일 나스닥 글로벌 마켓에서 "CHPGU"라는 심볼로 시작되었습니다. ST Sponsor Limited가 후원하는 이 회사는 모든 산업 또는 지역의 기존 사업체와 합병 또는 결합을 목표로 하는 블랭크 체크 회사입니다. Clear Street LLC가 단독 주관사로 활동했으며, FocalPoint Asia는 후원사의 독점 자문사로 참여했습니다.
ChampionsGate Acquisition Corporation (NASDAQ : CHPGU) a réussi son introduction en bourse, levant 74,75 millions de dollars grâce à la vente de 7 475 000 unités à 10,00 dollars chacune. L'offre comprend l'exercice complet de l'option de surallocation du souscripteur. Chaque unité comprend une action ordinaire de classe A et un droit, chaque droit étant convertible en un huitième d'action ordinaire de classe A lors de la première opération de fusion ou de combinaison commerciale de la société.
La cotation a débuté sur le Nasdaq Global Market sous le symbole "CHPGU" le 28 mai 2025. La société, parrainée par ST Sponsor Limited, est une société à chèque en blanc visant à fusionner ou s'associer avec des entreprises existantes dans n'importe quel secteur ou région. Clear Street LLC a agi en tant que gestionnaire unique du livre d'ordres, tandis que FocalPoint Asia était le conseiller exclusif du sponsor.
ChampionsGate Acquisition Corporation (NASDAQ: CHPGU) hat erfolgreich seinen Börsengang abgeschlossen und dabei 74,75 Millionen US-Dollar durch den Verkauf von 7.475.000 Einheiten zu je 10,00 US-Dollar eingenommen. Das Angebot beinhaltet die vollständige Ausübung der Mehrzuteilungsoption des Underwriters. Jede Einheit besteht aus einer Stammaktie der Klasse A und einem Bezugsrecht, wobei jedes Bezugsrecht bei der ersten Unternehmenszusammenführung in ein Achtel einer Stammaktie der Klasse A umwandelbar ist.
Der Handel begann am 28. Mai 2025 am Nasdaq Global Market unter dem Symbol "CHPGU". Das von ST Sponsor Limited gesponserte Unternehmen ist eine Blankoscheckgesellschaft, die darauf abzielt, mit bestehenden Unternehmen aus beliebigen Branchen oder Regionen zu fusionieren oder sich zu verbinden. Clear Street LLC fungierte als alleiniger Buchführer, während FocalPoint Asia als exklusiver Berater des Sponsors tätig war.
- Full exercise of underwriter's over-allotment option indicates strong investor demand
- Successful raise of $74.75 million provides substantial capital for potential business combination
- Flexible mandate allows targeting businesses across any industry or region
- No specific target business or industry identified yet
- Shareholders face uncertainty until a business combination is identified
- Risk of share dilution upon right conversion (1/8 share per right)
Insights
ChampionsGate Acquisition completed its $74.75M SPAC IPO with units trading on Nasdaq, now seeking business combination opportunities.
ChampionsGate Acquisition Corporation has successfully closed its initial public offering, raising
This SPAC (Special Purpose Acquisition Company) is a blank check company formed specifically to identify and merge with an existing business. Each unit consists of one Class A ordinary share and one right, with each right convertible to one-eighth of a share upon completion of a business combination.
The units began trading on the Nasdaq Global Market on May 28 under the ticker "CHPGU." Once the units split, the shares and rights will trade separately under "CHPG" and "CHPGR" respectively.
The
The SPAC market has evolved significantly since its 2020-2021 boom period, becoming more selective with stricter regulatory scrutiny. ChampionsGate's moderate raise size suggests a targeted approach focused on mid-market opportunities rather than pursuing larger-scale acquisitions.
Monterey, CA, May 29, 2025 (GLOBE NEWSWIRE) -- ChampionsGate Acquisition Corporation (Nasdaq: CHPGU), a Cayman Islands exempted company (the “Company”), today announced that it closed its initial public offering of 7,475,000 units at
The Company is a blank check company sponsored by ST Sponsor Limited (the “Sponsor”), a Cayman Islands exempted company, formed for the purpose of effecting into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region.
Each unit consists of one Class A ordinary share, par value
Clear Street LLC (“Clear Street”) acted as the sole book-running manager in the offering.
FocalPoint Asia acted as the exclusive advisor to the Sponsor.
Robinson & Cole LLP served as legal counsel to the Company. Winston & Strawn LLP served as legal counsel to Clear Street.
The offering was made only by means of a prospectus, copies of which may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, or by email at ecm@clearstreet.io.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission ("SEC") on May 14, 2025.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No securities regulatory authority has either approved or disapproved of the contents of this press release.
About ChampionsGate Acquisition Corporation
ChampionsGate Acquisition Corporation is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability for the purpose of effecting into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic region.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the registration statement and related preliminary prospectus filed by the Company with the SEC in connection with the Company’s initial public offering. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact Information:
ChampionsGate Acquisition Corporation
Bala Padmakumar
Chairman, Chief Executive Officer, and Director
419 Webster Street
Monterey, CA 93940
Email: bala@championsgate.biz
FAQ
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