ChampionsGate Acquisition Corp (CHPG) Form 8-K — Sep 18, 2026
ChampionsGate Acquisition Corporation, a Nasdaq-listed blank-check company, has entered into a definitive Business Combination Agreement with Futuremain Co., Ltd., a Korean engineering and IT company specializing in machinery safety diagnostics, including vibration, noise and structural analysis. The transaction values Futuremain at $80,000,000 in closing consideration, payable in shares of the combined company at a deemed value of $10.00 per share, and Futuremain's management will lead the post-closing company under a five-member board split three sponsor-designated and two Holdco-designated.
Key figures
- Deal Value Usd
- 80000000
- Outside date
- December 31, 2027
- Equity incentive pool
- not less than 15% of fully diluted capitalization immediately following Closing
- Target share breakdown
- 31,035 ordinary shares; 5,379 Series 1 RCPS; 2,069 Series 2 RCPS; 620 Series 3 RCPS
- Post closing board size
- 5
- Closing consideration usd
- 80000000
- Target shares outstanding
- 39103
- Holdco designated directors
- 2
- Deemed pubco share value usd
- 10
- Sponsor designated directors
- 3
- Deferred underwriting amount usd
- 1495000
AI analysis
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