Company: AEAQ
Filing Date: 2025-08-29
Form Type: DRS
Source: 0001213900-25-081972
Chunk: 135

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-08-29
Form: DRS
Chunk 135
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 business combination, and does not take into account other potential impacts on our valuation at the time of the initial business combination, such as (i) the value of our public and private warrants, (ii) the trading price of our Class A ordinary shares, (iii) the initial business combination transaction costs (other than the payment of $7,000,000 of deferred underwriting commissions), (iv) any equity issued or cash paid to the target’s sellers, (v) any equity issued to other third party investors, or (vi) the target’s business itself.

| Public shares                                                                |     |   |  20,000,000 |
| Founder shares                                                               |     |   |   6,666,667 |
| Private placement shares                                                     |     |   |     585,000 |
| Total shares                                                                 |     |   |  27,251,667 |
| Total funds in trust available for initial business combination              |     | $ | 193,000,000 |
| Public shareholders’ investment per Class A ordinary share(1)                |     | $ |       10.00 |
| Sponsor’s investment per Class B ordinary share(2)                           |     | $ |        1.13 |
| Initial implied value per public share(3)                                    |     | $ |        9.65 |
| Implied value per share upon consummation of initial business combination(4) |     | $ |        7.08 |

____________ (1)While the public shareholders’ investment is in both the public shares and the public warrants, for purposes of this table the full investment amount is ascribed to the public shares only. (2)The total investment in the equity of the company by the sponsor and the underwriters is $5,875,000, consisting of (i) $25,000 paid by the sponsor for the founder shares, (ii) $5,850,000 paid by the sponsor and the underwriters for 585,000 private units. For purposes of this table, the full investment amount is ascribed to the founder shares only. (3)Initial implied value per public share is defined as the funds available for the initial business combination (assuming the underwriters’ over -allotmentoption is not exercised and following payment of the underwriters’ deferred fee) divided by the public shares issued of 20,000,000 (assuming the underwriters’ over -allotmentoption is not exercised). (4)All founder