ChampionsGate Acquisition Corp has agreed to combine with Futuremain at an estimated Enterprise value of $80 million. For investors, the proposed transaction would place Futuremain under Pubco, whose shares are expected to list on Nasdaq, while completion remains subject to shareholder, regulatory and other closing conditions.

Key Highlights

  • Pubco shares would be valued at $10.00 per share for the proposed exchange of all outstanding Holdco shares.
  • Futuremain plans expansion into North American and European markets and a cloud-based subscription model for ExRBM.
  • ChampionsGate Acquisition Corp. is pursuing a Business combination with Futuremain, valued at an estimated enterprise value of $80 million.
  • Completion would make Futuremain an indirect Wholly Owned Subsidiary of Pubco.

ChampionsGate Acquisition Corp (NASDAQ: CHPG) is pursuing a business combination with Futuremain that values the Korean engineering and IT company at an estimated enterprise value of $80 million. Completion would make Futuremain an indirect wholly owned subsidiary of Pubco, while Pubco is expected to become a Nasdaq-listed public company.

Pubco would be established as a Cayman Islands exempted company as part of the transaction. ChampionsGate plans to seek Shareholder consideration through a proxy statement and a registration statement that would include a prospectus for securities issued in the transaction.