Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our units, Class A ordinary
shares, rights are each traded on the Nasdaq Stock Market LLC under the symbols “CHPGU,” “CHPG,” and “CHPGR,”
respectively, with the unit trading commencing on May 28, 2025, and our Class A ordinary shares and rights trading separately commencing
public trading on June 20, 2025.
Holders
On December 31, 2025,
there were two holders of record of our units, three holders of record of our Class A ordinary shares, 1
holder of record of our rights, and six holders of record of our Class B ordinary shares.
Securities Authorized for Issuance Under Equity
Compensation Plans
None.
Recent Sales of Unregistered Securities
Unregistered Sales of Equity Securities
On May 29, 2025, substantially concurrently with the closing of the
initial public offering (the “IPO”) of the Company, the Company completed the private sale of 230,000 units (the “Private
Units”) to ST Sponsor Investment LLC (the “Sponsor HoldCo”), a Cayman Islands limited liability company which has one
member, ST Sponsor Limited, a Cayman Islands exempted company and the Company’s sponsor (the “Sponsor”). Each Private
Unit consists of one Class A Ordinary Share and one right. The Private Units were sold at a purchase price of $10.00 per Private Units,
generating gross proceeds to the Company of $2,300,000. The Private Units are identical to the Units sold in the IPO, subject to limited
exceptions as described in the final prospectus of the Company relating to the IPO (SEC File No. 333-283689), dated May 27, 2025 and filed
with the SEC on May 28, 2025.
The above sales were issued pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act. No commissions were paid in connection with such sales.
Use of Proceeds
On May 29, 2025, we consummated the IPO of 7,475,000 Public Units,
at a price of $10.00 per Unit, generating gross proceeds of $74,750,000. Simultaneously with the closing of the IPO, we consummated the
sale of 230,000 Private Placement Units, to our Sponsor HoldCo in Private Placement, generating gross proceeds of $2,300,000.
The net proceeds of $75,123,750 from the IPO and the Private Placement
were placed in the Trust Account established for the benefit of the Company’s public shareholders and the underwriters of the IPO
with Continental Stock Transfer & Trust Company acting as trustee.
9
Purchases of Equity Securities by the Issuer
and Affiliated Purchasers
None.
Item 6. [Reserved]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.