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ChampionsGate Acquisition Corporation Announces Closing of $74,750,000 Initial Public Offering
Globenewswire· 2025-05-29 20:05
Group 1 - ChampionsGate Acquisition Corporation closed its initial public offering of 7,475,000 units at $10.00 per unit, raising gross proceeds of $74.75 million before deductions [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "CHPGU" on May 28, 2025 [1] - The company is a blank check company formed for the purpose of engaging in a merger, share exchange, asset acquisition, or similar business combination with one or more businesses or entities [2][7] Group 2 - Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-eighth of one Class A ordinary share upon the closing of the initial business combination [3] - The Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols "CHPG" and "CHPGR" respectively once they begin separate trading [3] Group 3 - Clear Street LLC acted as the sole book-running manager for the offering, while FocalPoint Asia served as the exclusive advisor to the sponsor [4] - Legal counsel for the company was provided by Robinson & Cole LLP, and Winston & Strawn LLP served as legal counsel to Clear Street [4] Group 4 - A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 14, 2025 [5]