Company: AEAQ
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-107760
Chunk: 266

Company: Activate Energy Acquisition Corp.
Filing Date: 2025-11-10
Form: S-1
Chunk 266
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” registration only during the seven -yearperiod beginning on the effective date of the registration statement of which this prospectus forms a part. We will bear the expenses incurred in connection with the filing of any such registration statements. 169 Certain relationships and related party transactions On June 30, 2025, our sponsor purchased, and the Company issued to the sponsor, 7,666,667 Class B ordinary shares (up to 1,000,000 of which are subject to forfeiture by the holders thereof depending on the extent to which the underwriter’s over -allotmentoption is exercised) for an aggregate purchase price of $25,000 (or approximately $0.003 per share). The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 23,000,000 units if the underwriters’ over -allotmentoption is exercised in full, and therefore that such founder shares would represent approximately 25% of the outstanding shares after this offering. Up to 1,000,000 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentis exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at approximately 25% of our issued and outstanding ordinary shares upon the consummation of this offering. 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 close simultaneously with the closing of this offering. Of those private units, our sponsor has agreed to purchase 385,000 private units (or 415,000 if the over -allotmentoption is exercised in full) and BTIG has agreed to purchase 200,000 private units (or 230,000 if the underwriters’ over -allotment