Company: AEAQ
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-107760
Chunk: 14

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-11-10
Form: S-1
Chunk 14
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 or (ii) such other time period in which we must complete an initial business combination pursuant to an amendment to our amended and restated memorandum and articles of association. Our shareholders can also vote at any time to amend our amended and restated memorandum and articles of association to modify the amount of time we will have to complete an initial business combination, in which case our public shareholders will be offered an opportunity to redeem their public shares; • “founder shares” are to Class B ordinary shares initially purchased by our sponsor in a private placement prior to this offering and the Class A ordinary shares that will be issued upon the automatic conversion of the Class B ordinary shares concurrently with or immediately following the consummation of our initial business combination or earlier at the option of the holders thereof as described herein (for the avoidance of doubt, such Class A ordinary shares will not be “public shares”); • “initial shareholders” are to our sponsor and any other holders of our founder shares immediately prior to this offering; •“ Investment Company Act” are to the Investment Company Act of 1940, as amended; •“ management” or our “management team” are to our officers and directors; • “non -managing sponsor investors” means ten institutional investors (none of which are affiliated with any member of our management, other members of our sponsor or any other investor) that have expressed an interest to purchase (i) an aggregate of approximately 7,958,000 units in this offering (assuming the exercise in full of the underwriter’s over -allotment option) at the offering price and (ii) through the purchase of non -managing sponsor membership interests in the sponsor, an aggregate of up to 310,000 private units at a price of $10.00 per unit ($3,100,000 in the aggregate)(or up to 340,000 private units if the over -allotment option is exercised in full ($3,400,000 in the aggregate); subject to the non -managing sponsor investors purchasing, through the sponsor, the private units allocated to them in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price to the non -managing sponsor investors at the closing of this offering reflecting interests in an aggregate of 1 2,480,000 founder shares (or up to 2,720,000 founder shares if the over -allotment option is exercised in full) held by the sponsor. None of the non -managing sponsor investors has expressed