Company: AEAQ
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-107760
Chunk: 362

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-11-10
Form: S-1
Chunk 362
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 initial Business Combination and will expire five years after the completion of the initial Business Combination, or earlier upon redemption or liquidation. Note 4 — Private Placement The Sponsor and the underwriters in the Proposed Public Offering have committed to purchase an aggregate of 585,000 units (or 645,000 Private Placement Units if the over -allotmentoption is exercised in full), consisting of one Class A ordinary share and one half warrant (“Private Placement Warrant”)in which each whole warrant is exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $10.00 per unit, or $5,850,000 in the aggregate (or $6,450,000 if the over -allotmentoption is exercised in full), in a private placement that will close simultaneously with the closing of the Proposed Public Offering. Of those 585,000 Private Placement Units, the Sponsor has agreed to purchase 385,000 Private Placement Units (or 415,000 Private Placement Units if the over -allotmentoption is exercised in full) and the underwriters in the Proposed Public Offering have agreed to purchase 200,000 Private Placement Units (or 230,000 private placement units if the over -allotmentoption is exercised in full). Each whole warrant entitles the registered holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. The Private Placement Units will be identical to the Public Units sold in the Proposed Public Offering, so long as they are held by the Sponsor, the underwriters or their permitted transferees. The Private Placement Units (i) may not (including the Class A ordinary shares issuable upon exercise of the warrants contained in the Private Placement Units), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (ii) will be entitled to registration rights and (iii) with respect to private placement units contained in the Private Placement Units held by the underwriters and/or their designees, will not be exercisable more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). The Sponsor and the Company’s officers and directors have entered into a letter agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their founder shares, private shares and public shares in connection with the completion of the initial Business Combination or an earlier