ChampionsGate Acquisition Corp
For the period ended Jun 30, 2025. Filed Aug 15, 2025.
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Jun 30, 2025 · Filed Aug 15, 2025
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Item 5. OTHER INFORMATION
On August 12, 2025, the board of directors were informed that Mr. Sunny Kah Wei Tan, the director of the Sponsor and manager of the Sponsor LLC, has recently passed away. According to the company’s understanding of applicable Cayman Islands law, the director position of the Sponsor and manager position of the Sponsor LLC would be vacated until an executor or administrator is appointed by a Cayman Islands court. In addition, absent an appointment of an executor or administrator by the Cayman Islands court, no natural person may exercise any rights conferred by the memorandum and articles of association of the Sponsor as a shareholder thereof, or any rights conferred by the LLC agreement of the Sponsor LLC as a member thereof. The Company understands that Ms. Teo Li Chen, the surviving spouse of Mr. Tan, is exploring legal options to assume control over Mr. Tan’s assets in the Sponsor and Sponsor LLC.
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