Company: AEAQ
Filing Date: 2025-08-29
Form Type: DRS
Source: 0001213900-25-081972
Chunk: 103

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-08-29
Form: DRS
Chunk 103
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,450,000 if the underwriters’ over -allotmentoption is exercised in full), or $10.00 per private unit. Of these private units, our sponsor has agreed to purchase 385,000 private units (or 415,000 private units if the over -allotmentoption is exercised in full) and BTIG has agreed to purchase 200,000 private units (or 230,000 if the underwriters’ over -allotmentoption is exercised in full). Each private unit will be identical to the warrants sold in this offering, except as described in this prospectus. The private units will be sold in a private placement that will close simultaneously with the closing of this offering, including the over -allotmentoption, as applicable. The “non -managingsponsor investors” throughout this prospectus, have expressed an interest to indirectly purchase, through the purchase of non -managingsponsor membership interests, an aggregate of 310,000 private units ($3,100,000 in the aggregate) at a price of $10.00 per unit (or 340,000 private units ($3,400,000 in the aggregate) if the over -allotmentoption is exercised in full) in a private placement that will close simultaneously with the closing of this offering. Subject to each non -managingsponsor investor indirectly purchasing, through non -managingsponsor membership interests, the private units allocated to it in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price to the non -managingsponsor investors reflecting interests in an aggregate of 3,100,000 founder shares, (3,400,000 founder shares if the underwriters’ over -allotmentoption is exercised in full) held by the sponsor. Except in certain limited circumstances, no member of the sponsor (including the non -managingsponsor investors) may transfer all or any portion of its membership units in the sponsor. The non -managingsponsor investors will not be subject to transfer restrictions or a lock -upagreement on any Class A ordinary shares that they may purchase in this offering pursuant to the expressions of interest described herein or otherwise. The private units will be worthless if we do not complete our initial business combination. The personal and financial interests of our officers and directors may influence their motivation in identifying and selecting a target business combination, completing an initial business combination and influencing the operation of the business following the initial business combination. This risk may