secwatch.observer — SEC 8-K summary
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Issuer:     ChampionsGate Acquisition Corp (CHPG)
CIK:        0002024460
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0001213900-25-051329
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024460/000121390025051329/0001213900-25-051329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024460/000121390025051329/ea0244455-8k_champions.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-051329

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