← Back

ChampionsGate Acquisition Corporation Class A Ordinary Share

ChampionsGate Acquisition Corporation has no significant operations. Its focus is on completing a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2024 and is based in Monterey, California.

Country
Price · split & dividend adjusted
News & notes moving CHPG
Robotics & Physical AI

Futuremain to Go Public on Nasdaq via ChampionsGate SPAC Merger

Futuremain Co., Ltd., a Suwon-si, Republic of Korea-based engineering and IT company specializing in safety diagnostics of factory machinery, has entered into a definitive business combination agreement with ChampionsGate Acquisition Corp, a publicly traded special purpose acquisition company. Upon completion, the transaction will result in a combined company listed on the Nasdaq Stock Market, with the terms representing an estimated enterprise value of Futuremain of USD $80 million. Under the deal, shareholders of Holdco will receive shares of Pubco, a Cayman Islands exempted company to be incorporated as part of the transaction, in exchange for all outstanding Holdco shares, with Pubco shares valued at USD $10.00 per share for purposes of the exchange consideration. The transaction is expected to close in 2027, subject to regulatory approvals, the approval of the shareholders of ChampionsGate and Futuremain, and other customary closing conditions. Following the transaction, Futuremain intends to expand beyond Asia into the North American and European markets, transition its ExRBM offering powered by Physical AI to a cloud-based subscription service, and converge robotic equipment with its AI technologies. FocalPoint Asia is acting as exclusive financial advisor to Futuremain.
GlobeNewswire·7dRead more →