ChampionsGate Acquisition Corp
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 13, 2026
CHPG$10.53-0.1%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-15.
0001213900-26-057065
Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-13.
0001213900-26-089155
Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 58 previous paragraphs and 62 current paragraphs.
49 unchanged; 7 reworded; 6 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 6 previous and 6 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (6)
Current report
For the three months ended June 30, 2025, we had a net loss of $70,056, which consisted of formation and operating costs of $162,486 and stock compensation expenses of $155,094. These were partially offset by interest and dividend income on investments held in the trust account of $248,334.
Current report
For the six months ended June 30, 2026, we had a net income of $1,154,720, which consisted of the interest and dividend income on investments held in the trust account of $1,362,878 that was partially offset by formation and operating costs of $208,158.
Current report
For the six months ended June 30, 2025, we had a net loss of $187,383, which consisted of formation and operating costs of $279,813 and stock compensation expenses of $155,904 that were partially offset by interest and dividend income on investments held in the trust account of $248,334.
Current report
For the six months ended June 30, 2025, there was $75,123,750 of cash used in investing activity resulting from the purchase of investments held in the trust account.
Current report
For the six months ended June 30, 2025, there was $75,907,630 of cash provided by financing activities resulting from the proceeds from the IPO of $74,750,000, the proceeds from the private placement concurrent with the IPO of $2,300,000, and the proceeds from promissory note for related parties of $95,048. The changes were partially offset by the payment of the underwriting discount of $747,500 and the payment of deferred offering costs of $489,918.
Current report
In November 2024, the FASB issued Accounting Standards Update (“ASU”) 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”, requiring public entities to disclose additional information about specific expense categories in the notes to the unaudited financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. We’re currently evaluating the impact of adopting ASU 2024-03.
Removed paragraphs (2)
Previous report
For the three months ended March 31, 2025, we had a net loss of $117,327, which consisted of formation and operating costs of $117,327.
Previous report
For the three months ended March 31, 2025, there was $89,310 of cash provided by financing activities mainly resulting from the proceeds from a promissory note from a related party of $85,220.
Reworded paragraphs (7)
Previous wording
For the three months ended March 31, 2026, we had a net income of $571,370, which consisted of the interest and dividend earned on investments held in the trust account of $676,197. This was partially offset by formation and operating costs of $104,827.
Current wording
For the three months ended June 30, 2026, we had net income of $583,350, which consisted of the interest and dividend income on investments held in the trust account of $686,681. This was partially offset by formation and operating costs of $103,331.
Previous wording
As of March 31, 2026, the Company had cash of $16,862 and a working capital deficit of $182,396.
Current wording
As of June 30, 2026, the Company had cash of $16,618 and a working capital deficit of $285,727.
Previous wording
For the three months ended March 31, 2026, there was $6,389 of cash used in operating activities resulting from interest and dividend earned on investments held in the trust account of $676,197. The changes were partially offset by net income of $571,370, a decrease in prepaid expenses of $21,571, and an increase in accounts payable and accrued expenses of $76,867.
Current wording
For the six months ended June 30, 2026, there was $183,778 of cash used in operating activities resulting from interest and dividend income on investments held in the trust account of $1,362,878. The changes were partially offset by net income of $1,154,720, a decrease in prepaid expenses of $19,342, and an increase in accounts payable and accrued expenses of $5,039.
Previous wording
For the three months ended March 31, 2025, there was $86,781 of cash used in operating activities resulting from a net loss of $117,327, an increase in prepaid expenses of $2,954, and a decrease in accounts payable and accrued expenses of $29,283. The changes were partially offset by an increase in due to related parties of $37,530 and an increase in accrued offering costs of $25,253.
Current wording
For the six months ended June 30, 2025, there was $400,679 of cash used in operating activities resulting from a net loss of $187,383, interest and dividend income on investments held in the trust account of $248,334, an increase in prepaid expenses of $106,832, an increase in prepaid expenses for related parties of $12,500, and a decrease in accounts payable and accrued expenses of $55,735. The changes were partially offset by stock compensation expenses of $155,904 and an increase in expenses for related parties of $54,201.
Previous wording
For the three months ended March 31, 2026 and 2025, there were no investing activities.
Current wording
For the six months ended June 30, 2026, there were no investing activities
Previous wording
For the three months ended March 31, 2026, there was $6,000 of cash provided by financing activities resulting from the proceeds from a working capital loan from a related party.
Current wording
For the six months ended June 30, 2026, there was $183,144 of cash provided by financing activities resulting from the proceeds from a working capital loan from a related party.
Previous wording
As of March 31, 2026, the Company had $157,671 of borrowings under the working capital loans.
Current wording
As of June 30, 2026, the Company had $334,815 of borrowings under the working capital loans.