CHPGR

ChampionsGate Acquisition Corp. Rights represent a derivative security issued alongside the SPAC's units. Each right typically entitles the holder to purchase a fraction of a common share at a specified price, usually following the completion of the SPAC's business combination with a target company. Rights trade separately from the common stock and units, providing investors with leveraged exposure to the SPAC's potential upside. The exercise price and ratio are predetermined in the SPAC's prospectus. Rights do not have voting power or dividend entitlements, and they may expire worthless if not exercised within the specified timeframe or if certain conditions are not met. The value of CHPGR rights fluctuates based on the likelihood and terms of ChampionsGate's merger, the performance of the common stock, and time remaining until expiration. Rights are often considered speculative instruments within the SPAC structure.