Championsgate acquisition corporation announces closing of $74,750,000 initial public offering

Monterey, ca, may 29, 2025 (globe newswire) -- championsgate acquisition corporation (nasdaq: chpgu), a cayman islands exempted company (the “company”), today announced that it closed its initial public offering of 7,475,000 units at $10.00 per unit, which includes the full exercise of the underwriter's over-allotment option. the gross proceeds from the offering were $74.75 million before deducting underwriting discounts and estimated offering expenses. the units began trading on the nasdaq global market ("nasdaq") under the ticker symbol "chpgu” on may 28, 2025.
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