ChampionsGate SPAC completes $74.75M IPO; auditor flags going concern doubt

ChampionsGate Acquisition Corp

IPO of 7,475,000 units at $10.00/unit raised $74.75M gross; full over-allotment exercised.
Private placement of 230,000 units to sponsor ST Sponsor Investment LLC for $2.30M.
Net proceeds of $75.12M deposited in trust account at $10.05 per unit.
Auditor UHY LLP cites substantial doubt about going concern; working capital only $162k.
Company has no revenue, expects significant costs; plans working capital loans to fund operations.

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