other_material
confidence high
sentiment neutral
materiality 0.55
ChampionsGate Acquisition Corp closes $74.75M IPO; over-allotment fully exercised
ChampionsGate Acquisition Corp
- IPO of 7,475,000 units at $10.00/unit, gross proceeds $74.75M.
- Underwriter's over-allotment option fully exercised for 975,000 additional units.
- Private placement of 230,000 units to sponsor ST Sponsor Investment LLC at $10.00/unit ($2.3M).
- $75,123,750 deposited into trust account ($10.05/unit) pending initial business combination.
- William W. Snyder, David Mao, and Robert H. Grigsby appointed independent directors; Mao chairs audit committee.
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