Company: AEAQ
Filing Date: 2025-08-29
Form Type: DRS
Source: 0001213900-25-081972
Chunk: 252

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-08-29
Form: DRS
Chunk 252
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 consummation of our initial business combination or earlier at the option of the holder on a one -for -onebasis, subject to adjustment, as described in the section entitled “ Description of Securities.” (5)Activate Energy Sponsors LLC, our sponsor, is the record holder of such shares. Thomas Fontaine is the sole manger of Activate Energy Sponsors LLC and holds voting and investment discretion with respect to the ordinary shares held of record by the sponsor. Thomas Fontaine disclaims any beneficial ownership of the securities held by Activate Energy Sponsors LLC other than to the extent of any pecuniary interest he may individually have therein, directly or indirectly. (6)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 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 non -managingsponsor investors are not granted any shareholder or other rights afforded to our other public shareholders, and will only be issued membership interests in the sponsor, with no right to control the sponsor or vote or dispose of any securities held by the sponsor, including the founder shares held by the sponsor. (7)Includes 250,000 founder shares which our directors and officer will have an indirect interest through membership interests in our sponsor. Immediately after this offering, our initial shareholders (assuming they do not purchase any units in this offering) willbeneficially own approximately 25% of the then issued and outstanding ordinary shares (not including the Class A ordinary shares that are included within the private units). Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors or continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents,