CHPGU

ChampionsGate Acquisition Corp. Units are securities that bundle together common shares and warrants or rights, offered during the SPAC's initial public offering. Each unit typically consists of one share of common stock and a fraction of a warrant or right, allowing investors to participate in both the equity and potential upside of the future business combination. Units trade as a single security until a specified date, after which they automatically separate into their component parts. This structure provides investors with built-in leverage and exposure to the SPAC's acquisition strategy. The units allow the SPAC to raise capital more efficiently by offering enhanced value through the bundled securities. Once separated, the individual components trade independently under different ticker symbols. CHPGU units are primarily purchased by investors seeking early exposure to ChampionsGate's management team and their ability to identify and complete a successful merger.