ChampionsGate Acquisition Corporation Announces Pricing of $65,000,000 Initial Public Offering
Monterey, CA , May 27, 2025 (GLOBE NEWSWIRE) — ChampionsGate Acquisition Corporation (Nasdaq: CHPGU) (the 'Company') announced today the pricing of its initial public offering of 6,500,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ('Nasdaq') and trade under the ticker symbol 'CHPGU' beginning May 28, 2025. Each unit consists of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols 'CHPG' and 'CHPGR', respectively. The underwriter has been granted a 45-day option to purchase up to an additional 975,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on May 29, 2025, subject to customary closing conditions.
The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While it may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus on industries that complement the management team's and board of director's background and network, and to capitalize on the ability of its management team and board of directors to identify and acquire a business.
Clear Street is acting as the sole book-running manager in the offering.
A registration statement on Form S-1 (333-283689) relating to these securities has been filed with the Securities and Exchange Commission ('SEC'), and was declared effective on May 14, 2025. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at [email protected], or from the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov.
Contact Information:
ChampionsGate Acquisition Corporation
Bala PadmakumarChairman, Chief Executive Officer, and Director419 Webster StreetMonterey, CA 93940
Email: [email protected]
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
36 minutes ago
- Business Wire
Introducing Logitech Muse for Apple Vision Pro
SAN JOSE, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced Muse for Apple Vision Pro, a digital pencil that enhances the way users work, create, and collaborate, and will be available later this year. Muse combines cutting-edge technology with effortless functionality to offer users precision and natural interaction for spatial computing. With fluid motion tracking, Muse transforms creative workflows across a variety of disciplines, from designing intricate 3D models to brainstorming in virtual workspaces and bringing complex ideas to life with immersive tools. 'Muse enhances productivity and new forms of collaboration with Apple Vision Pro by enabling users to turn their ideas into reality' said Joseph Mingori, GM and VP of Logitech Mobile and Audio Solutions. 'We are inspiring people to go beyond the limits of traditional workflows with spatial computing and Apple Vision Pro.' Muse combines a familiar form factor with advanced technology, including tracking in 6 degrees of freedom, intuitive buttons, and gestures — allowing users to draw and annotate in their space and on surfaces. The real-time haptic response and pressure-sensing tips deliver tactility and textural realism, ensuring the creative journey remains fluid and instinctive. Muse was featured in Apple's WWDC25 keynote this morning, which is available to stream from and YouTube. More information about Logitech Muse, including pricing and compatible apps, will be shared later this year. Availability Logitech Muse for Apple Vision Pro will be available for purchase later this year through Logitech and Apple. Developers interested in learning more about the latest version of visionOS can visit and the Apple Developer app. About Logitech Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating, gaming and streaming. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech and its other brands, including Logitech G, at or company blog. Logitech and other Logitech marks are trademarks or registered trademarks of Logitech Europe S.A. and/or its affiliates in the U.S. and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company's website at
New York Times
37 minutes ago
- New York Times
Power conference commissioners voice confidence in House settlement: ‘Our schools want rules'
The leaders of college sports' most powerful conferences voiced their confidence in the recently approved House settlement Monday, shepherding in a new era of college athletics in which schools can begin directly paying college athletes on July 1. 'The decision (to approve the settlement) on Friday is a significant step forward toward building long-term stability for college sports while protecting the system from bad actors seeking to exploit confusion and uncertainty,' SEC commissioner Greg Sankey said. Advertisement The newly formed College Sports Commission (CSC) held a news conference Monday morning featuring commissioners of the ACC, Big 12, Big Ten, Pac-12 and SEC. Established in the wake of Friday's approval of the House settlement, the CSC will oversee the implementation and enforcement of settlement terms, shifting much of the responsibility away from the NCAA. Bryan Seeley, the former head of investigations for Major League Baseball, has been announced as CEO and will report to a board comprised of the power conference commissioners. Those commissioners addressed a settlement that intends to reshape the college sports industry and install guardrails on name, image and likeness (NIL) payments that have become unregulated and sparked repeated legal challenges in recent years. 'Ultimately, it is incumbent upon everyone involved in college sports … to make the terms of this settlement work. We must be committed and embrace both the realities and opportunities ahead,' said Sankey, who acknowledged that there will be 'challenges and growing pains.' 'While this settlement does not solve every issue, it establishes a solid foundation for stability and a sustainable future,' Sankey said. The CSC has been tasked with oversight of the settlement's new revenue-sharing pool, which will be capped at roughly $20.5 million per school in the first year, as well as third-party NIL deals via the new NIL Go clearinghouse. NIL Go, which will evaluate any third-party NIL payments worth at least $600, is expected to be up and running this week and will determine whether those deals represent a valid business purpose and fall within an approved range of compensation. Those that don't fit the criteria will be flagged and forced to be adjusted or taken to arbitration. The aim is to stamp out the unchecked 'pay-for-play' deals popularized by NIL collectives. Advertisement The power conference commissioners did not offer specifics Monday on what the enforcement and penalties might look like under the CSC, but ACC commissioner Jim Phillips stated that Seeley will have a lot of input on those areas moving forward. Even prior to Friday's approval, there has been no shortage of questions or doubts from those inside and outside college sports about the viability of the settlement terms and the CSC's ability to enforce these new rules. 'It all sounds great in theory, but how will it actually work?' one power conference athletic director recently posited to The Athletic. The commissioners made clear in no uncertain terms Monday that they expect strict adherence and buy-in from their member schools. 'It's progress over perfection,' Big 12 commissioner Brett Yormark said. 'Our schools want rules and we're providing rules and we will be governed by those rules. And if you break those rules, the ramifications will be punitive.' Part of that process includes 'participation agreements' in which the schools agree to comply with the terms of the settlement and not seek legal action, regardless of any differences and discrepancies with state laws. Yormark, who said that the agreement 'codifies the rules of settlement,' described it as a 'work in progress' within the Big 12 but one that has received no pushback and that he plans to execute in short order. Sankey stated at the SEC spring meetings last month that all 16 conference members approved of the agreement. 'We want oversight, we want guardrails, we want structure. (Administrators and coaches) don't have the luxury to just say that in meeting rooms. They don't have the luxury to just be anonymous sources,' Sankey said. 'They have a responsibility to make what they've sought, what they've asked for, to make it work.' Advertisement Buy-in from schools and conferences won't necessarily prevent continued legal battles from outside parties — part of the potential challenges that were referenced. There could be future lawsuits or complaints on the basis of Title IX or antitrust violations. (The commissioners did state that decisions on how the revenue sharing pool will be distributed will be made on a school-by-school basis.) To that end, the NCAA and power conferences, as part of the College Sports Commission, will continue to lobby Congress for things like antitrust exemptions and federal legislation that preempts state laws and addresses athlete employment status. Big Ten commissioner Tony Petitti said he hopes the settlement will provide a foundation that encourages Congress to take action, and Sankey acknowledged that he and Notre Dame athletic director Pete Bevacqua played golf with President Donald Trump on Sunday to discuss some of these same issues. There is no timetable for if or when Congress will take action, but lobbying efforts will continue in Washington, D.C.'I don't know if there is an exact timeline, but there is a sense of urgency, for sure,' said Yormark. 'I don't think we have to sell them on the topic, we just have to land in the right place that works for both parties on the Hill, and I think we're getting closer.'
Yahoo
41 minutes ago
- Yahoo
Regarding convocation of extraordinary general meeting of shareholders of public limited liability company 'Novaturas'
On 1 July 2025, the ordinary general meeting of shareholders (the Meeting) of Public limited liability company 'Novaturas', code 135567698, registered at A. Mickevičiaus str. 27, Kaunas, the Republic of Lithuania (the Company), is being convened upon the initiative and decision of the Board of the Company. The place of the Meeting (address): J. Jasinskio st. 16 C, Vilnius, Lithuania, Conference Centre, hall B. Start of the Meeting: the Meeting starts at 10:00 a.m. (registration of shareholders starts at 9:00 a.m.). The Meeting's accounting day – 24 June 2025. Only persons who are shareholders of the Company at the end of accounting day of the Meeting or persons authorized by them, or persons with whom shareholders concluded the agreements on the transfer of voting rights, shall have the right to attend and vote at the Meeting. The total number of shares of the Company, each with a nominal value of 0.03 euros, is 7,807,000. The number of shares granting voting rights at the Meeting is 7,751,003 (55,997 of its own shares have been acquired by the Company). ISIN code of the Company's shares – LT0000131872. Agenda of the Meeting: Consolidated Annual Report of the year 2024 of the Company; Independent auditor's report on the Company's set of audited annual financial statements and a set of the consolidated financial statements of the year 2024; Approval of the Company's set of audited annual financial statements and a set of the consolidated financial statements of the year 2024; Acceptance of the Company's remuneration report. Decision regarding distribution of profit (loss); Election of members of the Company's Board; Determination of remuneration for Board members, approval of the essential terms of contracts with Board members regarding their activities on the Board; Selection of the Company's audit firm to audit the set of annual financial statements for 2025-2026, determination of the terms of payment for audit services; Additional remuneration for members of the Company's Board; Establishment of additional payment terms for the audit services of the Company's audit firm UAB Ernst & Young Baltic for the audit of the set of annual financial statements for 2024. Draft decisions Draft decisions on issues of the agenda of the Meeting and other documents are attached to this report, as well as indicated in the Company's website at on the menu item 'For investors'. The shareholders can also familiarize themselves with this information by arriving at public limited liability company 'Novaturas' Vilnius filiale, address at J. Jasinskio str. 16C, Vilnius. Proposals for drafts decisions Each shareholder holding shares that grant at least 1/20 of all votes at any time before the Meeting or during the Meeting shall have the right to propose draft resolutions on the issues already included or to be included in the agenda of the Meeting. The proposed draft decisions must be presented to the Company in writing via registered mail or by providing them against signature at the registered office address of the Company indicated in the notice. The draft decisions verified by qualified e-signature are sent to email shareholder@ Supplementation of agenda The shareholders holding shares that grant at least 1/20 of all votes shall have the right to propose to supplement the agenda. Draft decisions on the proposed agenda items must be submitted together with the proposal or, if the decisions do not need to be adopted, explanations on each proposed item of agenda of the Meeting must be submitted. Proposal to supplement the agenda must be presented to the Company via registered mail or by providing it against signature at the address of the registered office of the Company indicated in the notice or via e-mail shareholder@ The agenda will be supplemented if the proposal is received not later than 14 days before the Meeting. Questions related to agenda items The shareholders shall have the right to present to the Company in advance in writing questions related to the agenda of the Meeting, by providing the shareholder's personal identification number and consent to process personal data – personal identification number in the letter which should be sent to the Company via registered mail or delivered against signature. The Company undertakes to respond if the questions are received not later than 3 business days prior to the Meeting. Responses of a general character shall be posted on the Company's website on the menu item 'For investors'. Participation and voting Shareholder or a person authorised by him/her/it shall have a right to vote in writing in advance by filling in the general voting ballot. Upon shareholder's request, the Company, not later than 10 days before the Meeting, shall send the general ballot paper by registered mail free of charge. The general voting ballot is also provided on the Company's website at on the menu item 'For investors'. The filled-in general voting ballot and the document confirming the voting right (if any) must be submitted to the Company via registered mail or provided against signature at the address of the registered office of the Company indicated in the notice and received by the Company not later than at 16:00 p.m. of the last business day prior to the Meeting. The filled-in and verified by qualified e-signature general voting ballot is send to e-mail shareholder@ The Company is not providing the possibility to attend and vote at the Meeting through electronic means of communication. Authorisations A person participating in the Meeting and having the right to vote must present a document certifying his/her identity. A person who is not a shareholder must, in addition to this document, submit a document confirming the right to vote at the general meeting of shareholders. Each shareholder shall have a right in the manner established by the laws to authorise other (natural or legal) person to attend and vote at the Meeting on his/her/its behalf. The authorized person must provide a power of attorney certified in the manner established by laws. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by laws. Shareholder shall also have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the repeated Meeting on shareholder's behalf. Such authorization may not be approved by the notary public. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder must inform the Company on the power of attorney issued through electronic communication channels via e-mail shareholder@ not later than until 16.00 p.m. of the last business day before the Meeting. The power of attorney and notification must be in writing. The power of attorney and notification to the Company must be signed with the electronic signature. The Company does not establish a special form of power of attorney. Attached: Meeting agenda and draft decisions. General voting ballot. AB Novaturas financial statements for 2024. Board's activity report for 2024. Board's activity plan for 2025. Audit and Risk Committee's activity report for 2024. Audit and Risk Committee's activity plan for 2025. Essential terms of the agreement for the activities of the Board member. Contacts: Darius UndzenasCFOJ. Jasinskio str. 16C, Vilnius, LithuaniaTel. +370 678 05749Tel. +370 614 44228 (Head of Legal)E-mail: shareholder@ Attachments 1 2025 GSM Agenda and drafts of decisions_EN 2 2025 Voting ballot Novaturas ENG 3.1 abnovaturas-2024-12-31-en 3.2 Novaturas AB - Opinion 24(IFRS, SA, Conso, ESEF) EN esigned 20250609 4 APPROVED_Board Report_2024 5 APPROVED_Board activity plan_2025 6 Approved_Audit and Risk Committee report_2024 7 APPROVED_Audit and Risk Committee plan_2025 8 Essential conditions with Board Members_LT-ENGError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
