ChampionsGate Acquisition Corp (NASDAQ: CHPG) is a blank check special purpose acquisition company (SPAC) incorporated to identify and complete a merger or other initial business combination with one or more target businesses. The company does not generate operating revenue. Instead, it raised capital through an IPO, placing $74,750,000 (at $10.00 per unit) into a U.S.-based trust account held by Continental Stock Transfer & Trust Company, with proceeds invested in U.S. government treasury bills maturing within 185 days or in qualifying money market funds, as of the IPO closing. CHPG was incorporated on March 27, 2024, and is headquartered at 419 Webster Street, Monterey, CA 93940. CEO and Chairman Boon Liat Timothy Lim has held his role since October 2025, bringing prior executive experience from Dragon Group International and ASTI Holdings (SGX: 575). CFO Evan M. Graj joined as a director and officer and concurrently serves as CEO of Fusion AI Inc. The company must complete its initial business combination by November 29, 2026, extendable to August 29, 2027 under the current charter.

Revenue model

CHPG generates no product or service revenue. Trust account interest and dividends on U.S. treasury investments are earned but restricted, with releases limited to covering tax obligations prior to a business combination. Working capital is funded through sponsor loans, including a $500,000 promissory note issued to Sponsor HoldCo on June 26, 2025, which is non-interest bearing and due upon business combination or liquidation.

Products and services

The company's sole activity is identifying and executing an initial business combination. It offers target businesses an alternative to a traditional IPO by providing access to public markets through a merger or acquisition structure. Target consideration may be structured as Class A Ordinary Shares, cash, or a combination. The company also issued 230,000 Private Placement Units to Sponsor HoldCo at $10.00 per unit in a concurrent private placement at IPO.

Customers and end markets

CHPG does not have customers in the conventional sense. Its counterparties are acquisition targets, specifically private businesses seeking a public listing alternative. Post-combination, the company intends to own or acquire at least 50% of a target's outstanding voting securities or a controlling interest.

Value-chain role

CHPG acts as a publicly listed acquisition vehicle, serving as an intermediary between public capital markets and private businesses seeking liquidity or a public listing without a traditional IPO process.

Geographic exposure

Incorporated in the Cayman Islands with executive offices in Monterey, CA 93940 (as of the 10-K filed 2026-04-10). Trust account assets are held in U.S.-based accounts. No specific target geography is disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-04-10

Industry: Blank Checks