ChampionsGate Announces Trading of Class A Shares

Deal News | Jun 17, 2025 | EIN

ChampionsGate Announces Trading of Class A Shares

ChampionsGate Acquisition Corporation, listed on NASDAQ as CHPGU, will allow the separate trading of its Class A ordinary shares and rights from June 20, 2025. The company, structured as a blank check company, initially offered 7,475,000 units, including those sold upon full exercise of the underwriters' over-allotment option. Investors will need to contact the company's transfer agent to facilitate the separation. The initial public offering was managed by Clear Street LLC with a registration statement approved by the SEC. ChampionsGate has been established to engage in a potential merger, acquisition, or similar business combination, underscoring its function as a vehicle for strategic corporate combinations. Forward-looking statements included in the press release outline potential uncertainties and risks associated with these transactions.

Sectors

  • Finance
  • Investment Banking

Geography

  • United States – The company is engaged in activities subject to U.S. securities regulations, and Clear Street LLC operates out of New York.
  • Cayman Islands – ChampionsGate Acquisition Corporation is incorporated in the Cayman Islands, a significant jurisdiction for SPAC formations.

Industry

  • Finance – The company involved is a special purpose acquisition company (SPAC), which is a financial entity used for merging with or acquiring other companies.
  • Investment Banking – Clear Street LLC, acting as the book-running manager, is part of the investment banking sector that facilitates the underwriting process for IPOs.

Financials

  • 7,475,000 units – The number of units sold in the initial public offering by ChampionsGate Acquisition Corporation.

Participants

NameRoleTypeDescription
ChampionsGate Acquisition CorporationTargetCompanyA blank check company listed under the ticker CHPGU on NASDAQ, focused on business combinations.
Clear Street LLCBook-running ManagerCompanyAn investment banking firm managing the initial public offering for the ChampionsGate Acquisition Corporation.
Continental Stock Transfer & Trust CompanyTransfer AgentCompanyThe company facilitating the separation of units into Class A ordinary shares and rights.