Company: AEAQ
Filing Date: 2025-08-29
Form Type: DRS
Source: 0001213900-25-081972
Chunk: 251

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-08-29
Form: DRS
Chunk 251
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 $25,000 by the sponsor, the company had no assets, tangible or intangible. The purchase price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 23,000,000 units if the underwriters’ over -allotmentoption is exercised in full, and therefore that such founder shares would represent approximately 25% of the outstanding shares after this offering (not including the Class A ordinary shares that are included within the private units). Up to 1,000,000 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentis exercised. The non -managingsponsor investors have expressed to us an interest in purchasing (i) up to an aggregate of approximately [•] units in this offering at the offering price and (ii) through the sponsor, an aggregate of 310,000 private units at a price of $10.00 per unit ($3,100,000 in the aggregate); 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 ($0.003 per share) to the non -managingsponsor investors at the closing of this offering reflecting interests in an aggregate of 3,100,000 founder shares held by sponsor (3,400,000 founder shares if the over -allotmentoption is exercised in full). The post -offeringpercentages in the following table assume that the underwriters do not exercise their over -allotmentoption, that 1,000,000 founder shares have been surrendered to us for no consideration, and that there are 27,251,667 ordinary shares issued and outstanding after this offering.

|                                                      |     | Before Offering |     |                 |   |     | After Offering |      |     |                 |   |
| Name and Address of Beneficial Owner(1)              |     |       Number of 
        Ordinary 
          Shares 
    Beneficially 
        Owned(2) |     |     Approximate 
   Percentage of 
     Outstanding 
 Ordinary Shares |   |     |      Number of 
       Ordinary 
         Shares 
   Beneficially 
          Owned |