secwatch.observer — SEC 8-K summary
======================================

Issuer:     ChampionsGate Acquisition Corp (CHPG)
CIK:        0002024460
Form:       8-K
Filed at:   2026-09-18T20:15:55+00:00
Accession:  0001213900-26-101422
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ChampionsGate SPAC signs $80M merger with Korean machinery-diagnostics firm Futuremain
--------------------------------------------------------------------------------

- Deal value $80,000,000 payable in Pubco Shares at $10.00 per share; Futuremain is Suwon-based machinery diagnostics firm.
- At closing, Merger Sub I merges into Holdco; Merger Sub II merges into ChampionsGate, which becomes Pubco subsidiary.
- ChampionsGate shareholders receive one Pubco Share per ordinary share; every 8 rights convert to one Class A ordinary share.
- Pubco board set at 5 directors: 3 sponsor-designated, 2 Holdco-designated; officers of Holdco serve as Pubco officers.
- Closing subject to shareholder approvals, Nasdaq listing, HSR; termination deadline December 31, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2024460/000121390026101422/0001213900-26-101422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2024460/000121390026101422/ea0305952-8k425_champions.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-101422

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer