CHPG
ChampionsGate Acquisition Corporation10.13
+0.00+0%
Dec 15, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
101.17MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
ChampionsGate swung to a $682k net income for Q3 ended September 30, 2025, up from a $107k loss y/y, fueled by $795k in trust interest income that crushed $113k formation costs—operating loss held steady. Nine-month net income hit $495k on $1.0M trust yield, versus $172k loss prior year. Post-May IPO, $76.2M sits secure in trust at $10.19/share; cash $17k offsets $93k related-party working loan, with $1.5M deferred underwriting due on deal close. Trust stays rock-solid. Yet failure to land a business combination by the 18-27 month deadline risks full liquidation.
8-K
New CEO appointed for SPAC
ChampionsGate Acquisition Corporation appointed Boon Liat Timothy Lim as Chairman, CEO, and director on October 17, 2025, replacing Bala Padmakumar who resigned in July. Lim brings over two decades of executive experience in Southeast Asia, including leadership at Dragon Group and ASTI Holdings in semiconductors and business development. His compensation ties to milestones: $13,500 upon signing a business combination deal and another $13,500 upon closing. This shift bolsters the SPAC's hunt for targets, yet success hinges on market timing.
10-Q
Q2 FY2025 results
ChampionsGate Acquisition Corporation completed its IPO on May 29, 2025, raising $74.8M in gross proceeds and placing $75.1M into a trust account invested in U.S. Treasury securities, yielding $248K in interest income for Q2 ended June 30, 2025. Formation and operating costs jumped to $162K from $33K y/y, while stock compensation hit $156K, driving a $318K operating loss—offset somewhat by interest to yield a $70K net loss, or $(0.01) per share on 2.1M non-redeemable shares. Cash outside the trust stood at $383K, with a $427K related-party promissory note outstanding. No business combination yet; the hunt continues. CEO resigned July 31, 2025, with no disagreements. Sponsor turmoil adds uncertainty.
8-K
CEO resigns abruptly
ChampionsGate Acquisition Corporation's Chairman, CEO, and director Bala Padmakumar resigned all positions effective July 31, 2025, with no disagreements on operations or policies. The board received his immediate departure notice, terminating his May 2024 offer letter. No interim leadership disclosed.
8-K
Auditor switch at ChampionsGate
ChampionsGate Acquisition Corporation dismissed UHY LLP as its independent auditor on July 31, 2025, effective immediately, after a clean audit report for its 2024 inception period that flagged going concern doubts. The audit committee swiftly appointed TAAD, LLP to fill the role for the fiscal year ending December 31, 2025, with no prior consultations or disagreements noted. This switch signals routine oversight adjustments. No disruptions expected.
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