Company: AEAQ
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-107760
Chunk: 180

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-11-10
Form: S-1
Chunk 180
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 direct U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended business combination. To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the trust account, we may, at any time (based on our management team’s ongoing assessment of all factors related to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the trust 113 account and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a bank. Due to the short -termnature of these investments, we believe there will be no associated material exposure to interest rate risk. Related Party Transactions On June 30, 2025, our sponsor purchased, and the Company issued to the sponsor, 7,666,667 Class B ordinary shares for an aggregate purchase price of $25,000 (or approximately $0.003 per share), as a result of which the sponsor has purchased and holds an aggregate of 7,666,667 Class B ordinary shares (up to 1,000,000 of which are subject to forfeiture by the holders thereof depending on the extent to which the underwriter’s over -allotmentoption is exercised). The number of founder shares issued and 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. 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. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at approximately 25% of our issued and outstanding ordinary shares upon the consummation of this offering. Our sponsor, Activate Energy Sponsors LLC, and BTIG have committed to purchase an aggregate of 585,000 private units (or 645,000 private units if the over -allotmentoption is exercised in full)