Company: AEAQ
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-107760
Chunk: 67

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-11-10
Form: S-1
Chunk 67
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 |   |     |             |             |   |
| Working capital (deficit)(1)                               |     | $                  | (147,508 | ) |     | $           |   1,024,564 |   |
| Total assets(2)                                            |     | $                  |  127,872 |   |     | $           | 201,180,364 |   |
| Total liabilities(3)                                       |     | $                  |  147,508 |   |     | $           |   7,155,800 |   |
| Value of ordinary shares subject to possible redemption(4) |     | $                  |        — |   |     | $           | 200,000,000 |   |
| Shareholders’ deficit(5)                                   |     | $                  |  (19,636 | ) |     | $           |  (5,975,436 | ) |

____________ (1)The “as adjusted” calculation includes $1,200,00 held outside of trust, $19,636 of actual shareholders’ deficit on September 30, 2025, less $155,800 of over -allotmentliability. (2)The “as adjusted” calculation equals $200,000,000 of cash held in trust from the proceeds of this offering, $1,200,000 of cash held outside of trust for working capital, and the sale of the private placement units, plus $19,636 of actual shareholders’ deficit on September 30, 2025. (3)The “as adjusted” calculation equals $7,000,000 of deferred underwriting commissions, assuming the over -allotmentoption is not exercised, plus the over -allotmentliability of $155,800. (4)Represents the 20,000,000 ordinary shares at $10.00 per share sold in the offering. (5)Excludes 20,000,000 ordinary shares purchased in the public market which are subject to conversion in connection with our initial business combination. The “as adjusted” calculation equals the “as adjusted” total assets, less the “as adjusted” total liabilities, less the value of ordinary shares that may be converted in connection with our initial business combination ($10.00 per share).

48 Risks We are a recently incorporated company that has conducted no operations and has generated no revenues. Until we complete our initial business combination, we will have no operations and will generate no