Company: AEAQ
Filing Date: 2025-08-29
Form Type: DRS
Source: 0001213900-25-081972
Chunk: 328

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-08-29
Form: DRS
Chunk 328
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 to cancel such securities. Although no such transfers or cancellations are contemplated, we could agree to permit such transfer or cancellation to facilitate the closing of a business combination. Notwithstanding the foregoing, if (1) the closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for

206 share sub -divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 30 days after our initial business combination or (2) if we consummate a transaction after our initial business combination which results in our shareholders having the right to exchange their shares for cash, securities or other property, the founder shares will be released from the lock -up. The purchasers of the private placement securities have also agreed not to transfer, assign or sell any of the private placement securities, including the underlying shares and warrants (except in connection with the same limited exceptions that the founders’ shares may be transferred as described above), until 30 days after the completion of our initial business combination. Except in certain limited circumstances, no member of the sponsor (including the non -managingsponsor investors) may transfer all or any portion of its membership interests in the sponsor. For more information, see “Principal Shareholders — Restrictions Transfers of Founder Shares and Private Units.” Purchases of Private Units BTIG and/or their designees has also committed to purchase from us an aggregate of 200,000 private units (or 230,000 private units if the underwriters’ option to purchase additional units is exercised in full) at a price of $10.00 per private unit, for an aggregate purchase price of $2,000,000 (or $2,300,000 private units if the underwriters’ option to purchase additional units is exercised in full). The private units (including the private shares) will not be transferable, assignable or saleable until 30 days after the consummation of our initial business combination (except with respect to permitted transferees as described herein under “ Principal Shareholders — Transfers of Founder Shares and Private Units”). The purchase of the private units will take place on a private placement basis simultaneously with the consummation of this offering. Such private units will be considered underwriting compensation in connection with this offering. Such private units will be subject to lock -uprestrictions, as required by FINRA Rule 5110(e)(1), and may not be sold during the