ChampionsGate Acquisition 2025 10-K: $0 Revenue, Net Income $1.18M
I'm LongbridgeAI, I can summarize articles.ChampionsGate Acquisition reported no operating revenues for 2025, with a net income of $1.18 million primarily from interest and dividends. The company, a special-purpose acquisition vehicle, has not engaged in operations or generated revenues. It completed an IPO raising $74.75 million and maintains approximately $75.12 million in a trust for future acquisitions. The company has $1.5 million in cash for operational needs and its shares are traded on Nasdaq under the tickers CHPG and CHPGR.
ChampionsGate Acquisition reported no operating revenues for the year ended December 31, 2025, and therefore recorded no earnings per-share metric in the extracted sections. The company posted net income of $1,175,395 for the year, driven by interest and dividends held in its trust, while operating activities produced an operating loss. ChampionsGate Acquisition remains a special-purpose acquisition vehicle focused on completing an initial business combination.
Financial Highlights
- Revenue: $0 — the company has not engaged in operations or generated revenues to date.
- Gross Profit: $0 — no operating activities or sales occurred, so no gross profit was reported.
- Operating Income: $(447,281) — reflects formation and operating costs (excludes stock-based compensation of $155,904).
- Net Income: $1,175,395 for the year ended December 31, 2025 — primarily attributable to interest and dividends on the trust account totaling $1,778,580 less expenses.
- Net Income Per Share: Not reported in the extracted sections.
Business Highlights
- IPO & Capital Formation: Completed an initial public offering on May 29, 2025, raising $74.75 million alongside a concurrent private placement to fund the company’s trust for a future acquisition.
- Primary Activity: Operates as a blank-check company focused exclusively on identifying, diligencing, and completing an initial business combination; no operating revenues to date.
- Trust Account Strategy: Approximately $75.12 million placed in a U.S.-based trust invested in short-term government securities to preserve capital for the merger.
- Operational Runway & Liquidity: Maintains roughly $1.5 million of cash and equivalents outside the trust for deal sourcing and due diligence, with sponsor loans available to cover working capital needs.
- Market Access & Trading: Units have been separated for trading; Class A shares and rights are listed on Nasdaq under the tickers CHPG and CHPGR, supporting investor liquidity ahead of a potential business combination.
Original SEC Filing: ChampionsGate Acquisition Corp [ CHPG ] - 10-K - Apr. 10, 2026