- CEO
- Boon Liat Lim
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 419 Webster Street, Monterey, CA 93940, USA Monterey CA United States of America 93940
- IPO Date
- Jun 20, 2025
- Business
- ChampionsGate Acquisition Corporation Rights (CHPGR) represents the rights component of the units issued by ChampionsGate Acquisition Corporation, a blank check company incorporated in the Cayman Islands whose principal activity focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The rights entitle holders to receive one-eighth of one Class A ordinary share upon consummation of the initial business combination; these rights trade separately on the Nasdaq Global Market alongside the company's Class A ordinary shares (CHPG) and unsplit units (CHPGU). The company offers no other products or services beyond its SPAC structure, which includes structural safeguards such as redemption caps to support investor discipline, and targets businesses across unspecified industries and geographies with competitive advantages positioned for high returns and sustainable growth.
Founded in 2024 and headquartered at 419 Webster Street in Monterey, California, ChampionsGate Acquisition Corporation operates in the financial services sector within the shell companies industry segment, serving public shareholders and potential acquisition targets globally through its Cayman Islands exempted company status, which provides regulatory flexibility.
In its most recent major developments, the company consummated an initial public offering of 7,475,000 units at $10.00 each on May 29, 2025, including the full exercise of the underwriter's over-allotment option for an additional 975,000 units, generating gross proceeds of $74.75 million; concurrently, it completed a private placement of 230,000 units to sponsor entity ST Sponsor Investment LLC for $2.3 million, with $75.12 million placed in trust. Commencing June 20, 2025, holders elected to separate the units into tradable Class A ordinary shares (CHPG) and rights (CHPGR), with Clear Street LLC serving as sole book-running manager for the offering. As of December 2025, the company remains pre-deal with no announced business combination, acquisitions, partnerships, or other strategic shifts.