Championsgate Acquisition Corp
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Championsgate Acquisition Corp AI Insights
Informational only. Not investment advice.Snapshot
- Zero revenue SPAC with 76.3M total assets, 98.6% held in trust (76.2M). Trading at 1.36x book value (7.47/share) implies modest deal premium.[Total Assets]
- Net income of 682K TTM entirely from 795K interest income on trust - no operating business. Operating loss of 113K from admin expenses.[Net Income]
- Cash outside trust only 17K with 124K current liabilities - negative working capital (-23K) signals near-term liquidity pressure.[Working Capital]
Watch Triggers
- Volume: Sustained increase above 10K daily — Volume spike often precedes deal announcement or LOI disclosure
- Cash and Equivalents: Falls below 10K or requires sponsor loan — Signals deadline pressure and potential unfavorable deal terms
- P/B Ratio: Exceeds 1.5x or falls below 1.0x — Premium expansion signals deal optimism; discount signals redemption expectations
Bull Case
Trust value of 7.47/share provides downside floor - redemption rights protect capital if no deal closes. Current 1.36x P/B offers limited premium risk.
Near-zero debt (0.13% D/E) and 76.3M asset base positions for acquisition flexibility without leverage constraints.
Bear Case
878 daily volume creates severe liquidity risk - position sizing limited, exit difficult. Spread costs erode returns.
17K operating cash vs 124K current liabilities means sponsor must fund operations. Deal failure returns only trust value minus expenses.
Bull vs Bear Balance
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Forward Thesis
SPAC must announce acquisition target or face liquidation within typical 18-24 month window
- Zero operating revenue requires deal completion
- Trust assets of 76.2M set deal size floor
- Admin burn rate of 113K/year depletes working capital
Valuation Context
Caveats
CHPG Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$103.37M | — | ||
$103.51M | — | ||
41 | — | ||
$0 | — | ||
$0.25 | — | ||
0% | — | ||
0% | — | ||
$-410,936 | — | ||
4.93% | — | ||
Beta 5Y (Monthly) | unknown | — |
CHPG Dividend History
CHPG Stock Splits
CHPG SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/15/26 | 03/31/26 | 10-Q | |
04/10/26 | 12/31/25 | Unknown | |
11/17/25 | 09/30/25 | 10-Q | |
08/15/25 | 06/30/25 | 10-Q | |
07/07/25 | 03/31/25 | 10-Q | |
12/31/24 | 12/31/24 | 424B4 | |
09/30/24 | 09/30/24 | S-1 | |
12/09/24 | 09/30/24 | S-1 | |
08/15/25 | 06/30/24 | 10-Q | |
07/07/25 | 03/31/24 | 10-Q |