Welcome to our dedicated page for CHAMPIONSGATE ACQUISITION news (Ticker: CHPGU), a resource for investors and traders seeking the latest updates and insights on CHAMPIONSGATE ACQUISITION stock.
ChampionsGate Acquisition Corporation (Nasdaq: CHPGU) is a blank check company in the shell companies segment of the financial services sector, incorporated as a Cayman Islands exempted company. Its public communications focus on milestones typical for a special purpose acquisition company, including its initial public offering, corporate governance developments, and leadership changes.
News about ChampionsGate Acquisition Corporation includes announcements related to its IPO on the Nasdaq Global Market, where its units trade under the symbol CHPGU. The company has described the structure of its units, consisting of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share upon the closing of an initial business combination. Coverage also highlights the role of its sponsor, ST Sponsor Limited, and the participation of underwriting and advisory firms involved in the offering.
Subsequent updates reported by the company include the resignation of its then Chairman, Chief Executive Officer and director, as disclosed in a Form 8-K, and the later appointment of a new Chief Executive Officer, Chairman and director, Mr. Boon Liat Timothy Lim. The appointment announcement outlines Mr. Lim’s executive and board experience in Southeast Asia and notes that the board looks to his background and relationships across industries to support the search for business combination opportunities.
Investors and observers following CHPGU-related news can expect items such as offering announcements, changes in executive leadership, auditor changes disclosed in Form 8-K filings, and notices about the timing of quarterly reports through NT 10-Q filings. This news page aggregates such developments so readers can review the company’s disclosed progress as it pursues its stated objective of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.
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.