[8-K] ChampionsGate Acquisition Corporation Unit Reports Material Event

Rhea-AI Filing Summary

On 31 Jul 2025, ChampionsGate Acquisition Corp. (Nasdaq: CHPGU) filed a Form 8-K announcing the immediate resignation of its Chairman, Chief Executive Officer and director, Bala Padmakumar. The company states Mr. Padmakumar had no known disagreements with CHPG on any matter relating to operations, policies or practices. All monthly compensation owed under his offer letter dated 21 May 2024 (amended 11 May 2025) was paid through the resignation date, and the agreement is deemed terminated.

The filing does not disclose a replacement or interim leader, leaving an unresolved leadership gap at the special-purpose acquisition company. No other operational, financial or transaction-related updates were provided.

Positive

• No disagreements disclosed between the departing CEO and the company, limiting concerns about internal conflict.

Negative

• Immediate resignation of Chairman/CEO/director with no successor named, creating a leadership vacuum at the SPAC.

Insights

Corporate Governance Expert

TL;DR – CEO/Chair exit without successor heightens execution risk for CHPGU investors.

The simultaneous departure of CHPGU’s Chairman, CEO and sole board member with SPAC-specific deal expertise removes the individual most responsible for sourcing and negotiating a business combination. Although the company notes the resignation was amicable, the absence of a named successor introduces near-term uncertainty around leadership continuity, transaction pipeline and shareholder confidence. Until a credible replacement is appointed, the probability of delays in meeting the SPAC’s merger timeline—and potential value erosion from a forced liquidation—rises. Governance risk therefore increases, making the disclosure materially negative for investors.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 5, 2025 (July 31, 2025)

ChampionsGate Acquisition Corporation

(Exact name of registrant as specified in its charter)

Cayman Islands		001-42651		N/A
(State or other jurisdiction		(Commission File Number)		(IRS Employer
of incorporation)				Identification Number)

419 Webster Street

Monterey, CA 93940

(Address of principal executive offices)

(831)-204-7337

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act.

Title of each class		Trading Symbol		Name of each exchange on which registered
Units, consisting of one Class A ordinary share, $0.0001 par value, and one Right to acquire one-eighth of one Class A ordinary share		CHPGU		The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share		CHPG		The Nasdaq Stock Market LLC
Rights, each whole right to acquire one-eighth of one Class A ordinary share		CHPGR		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers

Resignation of the Chairman, CEO and Director of the Company

On July 31, 2025, Mr. Bala Padmakumar, then Chairman, CEO and director of ChampionsGate Acquisition Corporation (“CHPG” or the “Company”) notified the board of directors of the Company, that he has decided to resign all the positions he held at the Company, effective immediately.

Mr. Padmakumar had no known disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Mr. Padmakumar has received all the monthly compensation payments as provided in the offer letter by and between him and the Company, dated as of May 21, 2024 and as amended on May 11, 2025 (“the Offer Letter”) up to July 31, 2025, and the Offer Letter shall be deemed to have been terminated as of July 31, 2025.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ChampionsGate Acquisition Corporation
		/s/ Evan M. Graj
	Name:	Evan M. Graj
	Title:	Chief Financial Officer
Date: August 5, 2025

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FAQ

Why did ChampionsGate Acquisition CEO Bala Padmakumar resign?

The 8-K states he chose to resign effective 31 Jul 2025 and had no disagreements with the company.

Is a new CEO or interim leader named for CHPGU?

No. The filing does not identify a successor, leaving the position vacant.

Were compensation obligations to Mr. Padmakumar settled?

Yes. All monthly payments under the May 2024 offer letter were paid through 31 Jul 2025, and the agreement is terminated.

What date is the resignation effective?

The resignation became effective immediately on 31 Jul 2025.

Which securities does ChampionsGate Acquisition trade on Nasdaq?

Units (CHPGU), Class A shares (CHPG) and Rights (CHPGR) are all listed on The Nasdaq Stock Market.