ChampionsGate Acquisition Corporation Reports Net Loss of $117,327 for Period Ending March 31, 2025

ChampionsGate Acquisition Corporation has reported its financial results for the period ending March 31, 2025, revealing a net loss of $117,327, a significant increase from a loss of $55 during the same period in the previous year. The company, which was incorporated in March 2024, has not yet commenced operations and has primarily focused on organizational activities and preparations for its initial public offering (IPO). The total assets of the company as of March 31, 2025, amounted to $357,071, up from $295,105 at the end of the previous fiscal year, largely due to increased deferred offering costs.

The company completed its IPO on May 29, 2025, successfully raising $74.75 million by selling 7,475,000 units at $10.00 each, which included the full exercise of an over-allotment option. Additionally, a private placement of 230,000 units generated $2.3 million. The proceeds from these offerings have been placed in a trust account for the benefit of public shareholders and will be used to fund a future business combination. The company incurred transaction costs of $3,259,220 related to the IPO, which included underwriting fees and other offering costs.

As of the end of the reporting period, ChampionsGate had a working capital deficit of $636,853, excluding deferred offering costs. The company had $2,532 in cash and $464,339 held outside the trust account for operational expenses. The management has indicated that they expect to incur significant costs in pursuing acquisition plans and that their ability to continue as a going concern is contingent upon successfully completing a business combination within the stipulated timeframe.

In terms of operational metrics, the company has not yet generated any revenue and has not identified a specific target for its business combination. The management team is actively engaged in evaluating potential candidates for acquisition. The company has also indicated that it may require additional financing to cover operational costs or to complete a business combination, depending on the circumstances surrounding the transaction.

Looking ahead, ChampionsGate Acquisition Corporation remains focused on identifying suitable business combination targets and completing its initial business combination within the required timeframe. The management has expressed confidence in their ability to leverage the funds raised through the IPO and private placement to facilitate this process, although they acknowledge the inherent risks and uncertainties involved in executing their business strategy.