Company: AEAQ
Filing Date: 2025-08-29
Form Type: DRS
Source: 0001213900-25-081972
Chunk: 253

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-08-29
Form: DRS
Chunk 253
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 in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Because of this ownership block, our initial shareholders may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including 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, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands), and approval of significant corporate transactions including our initial business combination. Our sponsor and BTIG have committed, pursuant to written agreements, to purchase an aggregate of 585,000 private units (645,000 if the underwriters’ over -allotmentoption is exercised in full), each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $10.00 per unit, or $5,850,000 in the aggregate ($6,450,000 if the underwriters’ over -allotmentoption is exercised in full), in a private placement that will occur simultaneously with the closing of this offering. Of these private units, our sponsor has agreed to purchase 385,000 (or 415,000 private units if the over -allotmentoption is exercised in full) private units and BTIG has agreed to purchase 200,000 private units (or 230,000 if the underwriters’ over -allotmentoption is exercised in full). The non -managingsponsor investors have indicated an interest to indirectly purchase, through the purchase of non -managingsponsor membership interests, an aggregate of 310,000 private units ($3,100,000 in the aggregate) at a price of $10.00 per unit (or 340,000 private units ($3,400,000 in the aggregate) if the over -allotmentoption is exercised in full) in a private placement that will close simultaneously with the closing of this offering. 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 reflecting interests in an aggregate of 3,100,000 founder shares (3,400,000 founder shares if the over -allotmentoption is