Form 4: ChampionsGate Acquisition Corp Director William Snyder Acquires 20,000 Class B Shares

William Snyder, a Director and 10% Owner of ChampionsGate Acquisition Corp, has acquired 20,000 Class B ordinary shares at a price of $0.004 per share.

Summary

• William Snyder, a Director and 10% Owner of ChampionsGate Acquisition Corp (CHPG), acquired 20,000 Class B ordinary shares.
• The transaction occurred on May 27, 2025, at a price of $0.004 per share.
• The shares were assigned to Mr. Snyder by ST Sponsor Investment LLC (Sponsor HoldCo) immediately following the effectiveness of the Issuer's Form S-1 Registration Statement (File No.: 333-283689).
• Mr. Snyder now directly owns 20,000 Class B ordinary shares of the Issuer.
• Class B ordinary shares are set to automatically convert into Class A ordinary shares on a one-for-one basis upon the consummation of an initial business combination.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director and 10% owner, especially at the foundational stage of a SPAC, generally indicates insider confidence. While not a direct financial performance indicator, it's a positive signal regarding management's belief in the company's future business combination prospects.

Positives

• The acquisition of shares by a director and 10% owner can signal confidence in the company's future prospects and the eventual business combination.
• The low per-share price ($0.004) for Class B shares, which convert to Class A upon business combination, suggests a foundational stake for a key insider.

Risks

• The conversion of Class B shares to Class A shares is contingent upon the consummation of an initial business combination, introducing a dependency on a future event.

Future Outlook

Class B ordinary shares held by Mr. Snyder are expected to automatically convert into Class A ordinary shares on a one-for-one basis upon the consummation of an initial business combination.

Industry Context

This filing is typical for a Special Purpose Acquisition Company (SPAC) where initial shares, often Class B founder shares, are acquired by directors and sponsors at a nominal price, with conversion contingent on a future business combination. It reflects standard insider ownership structuring in the SPAC lifecycle.

Related Party Transactions

• The assignment of 20,000 Class B ordinary shares from ST Sponsor Investment LLC (Sponsor HoldCo) to William Snyder, a director and 10% owner, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The acquisition by a director and 10% owner may be viewed positively as a sign of insider confidence, potentially influencing investor sentiment.

Next Steps

• Consummation of an initial business combination, which will trigger the conversion of Class B ordinary shares to Class A ordinary shares.

Key Dates

Recommendation

Keywords

ChampionsGate Acquisition Corp, CHPG, William Snyder, SEC Form 4, Beneficial Ownership, Insider Trading, Class B Shares, SPAC, Special Purpose Acquisition Company, Director Share Acquisition, Sponsor HoldCo