01 Full empowerment to create a model for SPAC listing
The picture shows CHPGU GlobaNewswire Closing PR News, FocalPoint Asia was mentioned
MONTEREY, Calif., May 29, 2025–(BUSINESS WIRE)–ChampionsGate Acquisition Corporation (NASDAQ: CHPGU), a Cayman Islands exempted company (the “Company”), today announced that it has completed its initial public offering of 7,475,000 units at a price of $10.00 per unit, including the full exercise of the underwriters’ over-allotment option, for $74.75 million and will begin trading on the Nasdaq Global Market (“Nasdaq”) on May 28, 2025 under the ticker symbol “CHPGU.”
The Company is a blank check company sponsored by ST Sponsor Limited (the “Sponsor”), a Cayman Islands exempted company, for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company is not limiting its search for potential target businesses to any particular industry or geographic region.
Each Unit consists of one Class A common share, par value $0.0001 per share (the “Class A Common Share”) and one right (the “Right”). Each Right entitles the holder thereof to receive one-eighth (1/8) of a Class A Common Share upon the completion of the Company’s first business combination. Once the securities comprising the Units begin separate trading, the Class A Common Shares and the Rights are expected to be listed on the Nasdaq under the ticker symbols “CHPG” and “CHPGR,” respectively.
- Clear Street LLC (“Clear Street”) is acting as sole book-running manager for the offering.
- FocalPoint Asia (“FocalPoint International”) acts as the exclusive advisor to the Sponsor.
- Robinson & Cole LLP served as the Company’s legal advisor.
- Winston & Strawn served as legal advisor to Clear Street.
A registration statement relating to these securities was approved as effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 14, 2025.
02 Summary of highlights, focusing on the strength of Fupeng
As the initiator of this project, Fupeng International has been working closely with other professional teams since its launch:
✅ Top-level architecture design
Leading the construction of a Cayman exempted company structure that complies with international regulatory requirements, optimizing equity structure, and designing an innovative “unit + rights” securities structure;
- Each unit consists of Common Stock and Right (1/8);
- 18-27 months M&A window period, focusing on high-quality targets in multiple sectors such as technology, consumption, and energy;
✅ Professional team integration
Cooperated with US law firms Robinson & Cole LLP, Winston & Strawn LLP, Cayman law firm Harneys, US audit firm UHY and Clear Street, a well-known SPAC underwriter on Wall Street, to efficiently complete the revision of SEC registration documents and accurately respond to regulatory inquiries;
✅ Accurate capital planning
Design a mechanism for simultaneous private placement (Private Units) and trust accounts to ensure compliance with fund custody regulations;
✅ Regulatory communication hub
Establish an efficient communication channel with the SEC, control the rhythm of inquiry feedback throughout the process, and help the project pass the meeting as scheduled.
As a professional cross-border financial services institution, FocalPoint Asia is dedicated to helping Chinese companies efficiently and compliantly enter the U.S. capital market. We have extensive experience in SPAC listings, traditional IPOs, and subsequent capital operations, providing full-process consulting services to companies.
Looking for opportunities to list on the US stock market? Fupeng International is your trusted partner
