ChampionsGate Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing on June 20, 2025

Rhea-AI Summary

ChampionsGate Acquisition Corporation (NASDAQ: CHPG) announced that starting June 20, 2025, holders of its 7,475,000 units can separately trade Class A ordinary shares and rights. The units, currently trading under CHPGU, were sold in the company's initial public offering, which included a fully exercised over-allotment option. Once separated, the Class A ordinary shares and rights will trade under CHPG and CHPGR respectively. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate their holdings. Clear Street LLC served as the sole book-running manager for the offering, which was conducted under an SEC-approved registration statement (File No. 333-283689) effective May 14, 2025.

Positive

• Full exercise of underwriters' over-allotment option indicates strong initial demand
• Listing on NASDAQ Global Market provides good visibility and liquidity for investors

Negative

• None.

Monterey, CA, June 16, 2025 (GLOBE NEWSWIRE) -- ChampionsGate Acquisition Corporation (the “Company”) (Nasdaq: CHPGU), a blank check company, today announced that, commencing on June 20, 2025, holders of the 7,475,000 units (the “Units”) sold in the Company’s initial public offering (the “Offering”) including Units sold upon a full exercise of the underwriters’ over-allotment option, may elect to separately trade the Class A ordinary shares and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market (“NASDAQ”) under the symbol “CHPGU.” Any underlying Class A ordinary shares and rights that are separated will trade on the NASDAQ under the symbols “CHPG” and “CHPGR,” respectively. Holders of Units will need to have their brokers contact the Company’s transfer agent, Continental Stock Transfer & Trust Company, in order to separate the holders’ Units into Class A ordinary shares and rights.

The Units were initially offered by the Company in an underwritten offering. Clear Street LLC acted as the sole book-running manager for the Offering. A registration statement on Form S-1 (File No. 333-283689) relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on May 14, 2025. 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, or by visiting EDGAR on the SEC’s website at www.sec.gov.

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.

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 in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.

Contact Information:

ChampionsGate Acquisition Corp.

Bala Padmakumar
Chairman, Chief Executive Officer, and Director
419 Webster Street
Monterey, CA 93940
Email: bala@championsgate.biz

FAQ

When will ChampionsGate Acquisition Corp (CHPG) begin separate trading of its shares and rights?

ChampionsGate Acquisition Corp will begin separate trading of its Class A ordinary shares and rights on June 20, 2025.

How many units were sold in ChampionsGate Acquisition Corp's (CHPG) IPO?

ChampionsGate Acquisition Corp sold 7,475,000 units in its IPO, including units sold through the full exercise of the underwriters' over-allotment option.

What are the trading symbols for ChampionsGate Acquisition Corp's securities?

The units trade under CHPGU, while the separated Class A ordinary shares and rights will trade under CHPG and CHPGR respectively.

Who was the book-running manager for ChampionsGate Acquisition Corp's (CHPG) offering?

Clear Street LLC acted as the sole book-running manager for the offering.

How can CHPG unit holders separate their units into shares and rights?

Unit holders need to have their brokers contact Continental Stock Transfer & Trust Company to separate their units into Class A ordinary shares and rights.