ChampionsGate Acquisition signs $80 million merger deal with South Korea’s Futuremain
CHPG•Merger agreement with Futuremain
ChampionsGate Acquisition entered a merger agreement on Sept. 11, 2026 to combine with South Korea-based Futuremain.
Share conversion and equity plan
The SPAC merger converts each ChampionsGate ordinary share into one Pubco share; eight rights convert into one Class A share.
Pubco is to adopt an equity plan sized at no less than 15% of fully diluted post-close capitalization.
Transaction structure and consideration
The structure calls for a new Cayman parent, with Futuremain placed under a Cayman Holdco ahead of closing.
Holdco shareholders are to receive $80 million in Pubco shares at a deemed $10 per share.
