Company: AEAQ
Filing Date: 2025-08-29
Form Type: DRS
Source: 0001213900-25-081972
Chunk: 196

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-08-29
Form: DRS
Chunk 196
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 will serve as key differentiators in attracting high -qualityacquisition targets. Our demonstrated ability to identify and implement value -enhancinginitiatives has been a core driver of historical performance and will remain central to our acquisition strategy. 126 Broad and Extensive Experience in Both Public and Private Markets. With decades of combined experience in operating, investing in, and financing energy businesses across both public and private markets, our team has built independent companies that achieved significant equity value growth from inception through exit. This versatility allows us to identify targets with public market potential and prepare them for a successful transition to becoming robust, publicly traded companies. Initial Business Combination So long as our securities are then listed on the Nasdaq, our initial business combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the net assets held in the trust account (excluding the amount of any deferred underwriting commissions and taxes payable on interest earned held on the trust account) at the time of our initial business combination. We refer to this as the 80% of net assets test. If our board of directors is not able to independently determine the fair market value of the target business or businesses, we will obtain an opinion from an independent investment banking firm or an independent valuation or appraisal firm with respect to the satisfaction of such criteria. While we consider it unlikely that our board of directors will not be able to make an independent determination of the fair market value of a target business or businesses, it may be unable to do so if the board of directors is less familiar or experienced with the target company’s business, there is a significant amount of uncertainty as to the value of the company’s assets or prospect. Additionally, pursuant to Nasdaq rules, any initial business combination bust be approved by a majority of our independent directors. However, if required under applicable law, any proxy statement that we deliver to shareholders and file with the SEC in connection with a proposed transaction will include such opinion. We anticipate structuring our initial business combination so that the post -businesscombination company in which our public shareholders own shares will own or acquire 100% of the equity interests or assets of the target business or businesses. We may, however, structure our initial business combination such that the post -businesscombination company owns or acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the target management team or shareholders or for other reasons, but we will only complete such business combination if the post -businesscombination company owns