Company: AEAQ
Filing Date: 2025-12-09
Form Type: 8-K
Source: 0001213900-25-119675
Chunk: 1

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-12-09
Form: 8-K
Item: Item 3.02
Chunk 1
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Item 3.02. Unregistered Sales of Equity Securities.

Simultaneously with the closing
of the IPO, pursuant to the Sponsor Private Placement Unit Agreement, the Company completed the private sale of an aggregate of aggregate
of 415,000 private placement units (the “Sponsor Private Placement Units”) to the Sponsor at a purchase price of $10.00
per Sponsor Private Placement Unit, generating gross proceeds to the Company of $4,150,000. The Sponsor Private Placement Units are identical
to the Units sold in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were
paid with respect to such sale. The issuance of the Sponsor Private Placement Units was made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Simultaneously with the closing
of the IPO, pursuant to the Underwriter Private Placement Units Agreement, the Company completed the private sale of an aggregate of aggregate
of 230,000 private placement units (the “Underwriter Private Placement Units”) to BTIG, LLC at a purchase price of
$10.00 per Underwriter Private Placement Unit, generating gross proceeds of $2,300,000. The Underwriter Private Placement Units are identical
to the Warrants sold in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions
were paid with respect to such sale. The issuance of the Underwriter Private Placement Units was made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 5, 2025, in connection
with the IPO, David Wood, Andrew Childs, Richard Lorentz Jr., and Jason Spittlehouse (together with existing director Thomas Fontaine,
the “Board”) were appointed to the board of directors of the Company (the “Appointment”).

Messrs. Childs, Lorentz, and
Spittlehouse are independent directors. Effective December 5, 2025, Messrs. Childs, Lorentz, and Spittlehouse were appointed to the Board’s
Audit Committee and Compensation Committee, with Mr. Spittlehouse serving as chair of the Audit Committee and Mr. Childs serving as chair