Company: AEAQ
Filing Date: 2025-08-29
Form Type: DRS
Source: 0001213900-25-081972
Chunk: 331

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-08-29
Form: DRS
Chunk 331
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 will be $650,000, excluding underwriting discounts and commissions. We have agreed to reimburse the underwriters for certain of their accountable and out -of -pocketcosts (including, but not limited to, the expenses of investigations and background checks of our principals (not to exceed $4,000 per person for U.S. individuals and $5,000 per person for non -U.S. individuals)) for this offering, provided that the maximum accountable expense allowance reimbursed to or paid on behalf of the underwriters shall not exceed $75,000 in the aggregate without our prior written approval or the approval of the sponsor. The underwriting agreement provides that following the completion of this offering, the obligations of the underwriters with respect to this offering will be deemed to be satisfied and the underwriters are not bound by any commitment or obligation to offer or sell to the public any of our securities or of any target business in an initial business combination or otherwise solicit holders of our securities or any target business in an initial business combination to approve the business combination. We have granted BTIG a right of first refusal to act as the exclusive capital markets advisor, placement agent, or book -runninglead manager, as the case may be, in connection with any private placement or public offering of equity, equity -linkedor debt (including, without limitation, asset -backed) securities of the Company until June13, 2028. Deferred Underwriting Commissions If we do not complete our initial business combination within the completion window and subsequently liquidate, the trustee and the underwriters have agreed that (i) they will forfeit any rights or claims to their deferred underwriting commissions, including any accrued interest thereon, then in the trust account upon liquidation, and (ii) that the deferred underwriting commissions will be distributed on a pro rata basis, including interest earned on the funds held in the trust account (less taxes payable, other than any excise or similar tax that may be due or payable), to the public shareholders. Stabilization and Other Transactions The underwriters pursuant to Regulation M under the Exchange Act may engage in short sale transactions, stabilizing transactions, syndicate covering transactions or the imposition of penalty bids in connection with this offering. These activities may have the effect of stabilizing or maintaining the market price of the units at a level above that which might otherwise prevail in the open market. Establishing short sales positions may involve either “covered” short sales or “naked” short sales.

208 “Covered” short