ChampionsGate to Merge With Futuremain in $80 Million Stock Deal
I'm LongbridgeAI, I can summarize articles.ChampionsGate Acquisition has signed a Business Combination Agreement with Futuremain in an $80 million all-stock deal. The transaction involves a two-step merger to create a Cayman Islands holding structure, listing Pubco shares on Nasdaq. Holdco shareholders will receive Pubco shares valued at $10.00 each. The deal includes lock-up agreements and registration rights, subject to customary approvals.
ChampionsGate Acquisition signed a Business Combination Agreement with Futuremain to create a Cayman Islands holding structure and list Pubco shares. The all-stock transaction provides $80 million of consideration to Holdco shareholders in Pubco shares valued at $10.00 each, via a two-step merger in which Holdco and then ChampionsGate become subsidiaries of Pubco. ChampionsGate shareholders will receive Pubco shares, with every eight rights converting into one Class A share prior to exchange, and no fractional shares issued. Related arrangements include a lock-up for certain Pubco holders and a registration rights agreement, alongside a planned 15% equity incentive pool, all subject to customary approvals and Nasdaq listing conditions.
Agreement 1: ChampionsGate to Merge With Futuremain in $80 Million Stock Deal
- Agreement type: Agreement and Plan of Merger and Business Combination Agreement
- Counterparty: Futuremain
- Signed / Effective: Sep 11 2026 / Sep 11 2026
- Duration / Termination: Until closing or termination
- Reason: Take Futuremain public via SPAC business combination
Agreement 2: ChampionsGate Sets Lock-Up for Certain Pubco Shareholders at Closing
- Agreement type: Lock-Up Agreement
- Counterparty: Certain Pubco shareholders
- Reason: Promote orderly market following the combination
Agreement 3: ChampionsGate to Enter Registration Rights Agreement for Pubco Holders
- Agreement type: Registration Rights Agreement
- Counterparty: Certain Pubco shareholders
- Reason: Facilitate resale of Pubco shares post-closing
Original SEC Filing: ChampionsGate Acquisition Corp [ CHPG ] - 8-K - Sep. 18, 2026