- CEO
- Boon Liat Lim
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- 419 Webster Street, Monterey, California 93940, USA Monterey CA United States of America 93940
- IPO Date
- Jun 20, 2025
- Business
- ChampionsGate Acquisition Corporation ChampionsGate Acquisition Corporation is a blank check company whose principal business activity involves pursuing a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities; it has not identified any specific target company or industry focus but leverages the management team's network across sectors including potential opportunities in Florida's multifamily housing and tourism markets. Incorporated in 2024 as a Cayman Islands exempted company with headquarters in Monterey, California, the company operates globally without specified geographic limitations for targets. Its common shares (CHPG), units (CHPGU), and rights (CHPGR) trade on the Nasdaq Global Market. In May 2025, ChampionsGate completed a $74.75 million initial public offering, including full exercise of the underwriter's over-allotment option, with proceeds held substantially all in trust; each public unit comprises one Class A ordinary share and one right convertible to one-eighth of one share upon a successful business combination, while concurrent private placement units were sold to sponsor ST Sponsor Investment LLC. Units began separate trading of shares and rights on June 20, 2025; on July 31, 2025, Bala Padmakumar resigned as Chairman, Chief Executive Officer and director, with Boon Liat Timothy Lim appointed to those roles effective October 20, 2025 to advance the business combination search. The company, led by Clear Street as sole bookrunner, maintains 100.5% IPO cash in trust as of recent filings and continues pre-deal with an 18-month tenor plus extensions, reporting operational updates through quarterly 10-Q filings including for periods ended June 30, 2025.