Company: AEAQ
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-107760
Chunk: 48

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-11-10
Form: S-1
Chunk 48
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 by proxy. |
|                |     | In such case, our sponsor, officers and directors have agreed to vote their founder shares, private shares and any public shares purchased during or after this offering (including in open market and privately-negotiated transactions) in favor of our initial business combination (except that any public shares such parties may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the business combination transaction). As a result, in addition to our founder shares and private shares, we would need 6,374,167 public shares, or 31.87% of the 20,000,000 public shares sold in this offering, to be voted in favor of an initial business combination in order to have our initial business combination approved, assuming all outstanding shares are voted, the over-allotment option is not exercised and the parties to the letter agreement do not acquire any Class A ordinary shares. Assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association, vote their shares at a general meeting of the company, we will not need any public shares in addition to our founder shares and private shares to be voted in favor of an initial business combination in order to approve an initial business combination.                                                                                                                                                                                                      |
| Private units: |     | 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-allotment option is exercised in full) at a price of $10.00 per unit, for an aggregate purchase price of $5,850,000 (or $6,450,000 if the over-allotment option is exercised in full). Of these private units, our sponsor has agreed to purchase 385,000 private units (or 415,000 private units if the over-allotment option is exercised in full) and BTIG has agreed to purchase 200,000 private units (or 230,000 if the underwriters’ over-allotment option is exercised in full). A portion of the purchase price of the private units will be added to the proceeds from this offering to be held in the trust account such that at the time of closing of this offering $200,000,000 (or $230,000,000 if the underwriters exercise their                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

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