Financial Performance - The company had a net income of $300,371 for the period from June 10, 2025, to December 31, 2025, primarily from interest earned on investments held in the Trust Account [106]. - Cash used in operating activities from June 10, 2025, to December 31, 2025, was $487,642, influenced by general and administrative expenses of $391,207 [109]. - The company incurred $13,241,124 in offering costs, including $4,600,000 in cash underwriting fees and $8,050,000 in deferred underwriting fees [108]. IPO and Investments - The company completed an IPO of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, including an over-allotment option [107]. - As of December 31, 2025, the company had investments held in the trust account totaling $230,556,356, which includes $556,356 of interest income [110]. - The company plans to use substantially all funds in the trust account to complete its business combination and finance operations of the target business [110]. Liquidity and Operational Costs - The company has cash and cash equivalents of $738,076 as of December 31, 2025, intended for identifying and evaluating target businesses [111]. - The company expects to incur significant costs in pursuit of its acquisition plans and currently lacks the liquidity to sustain operations for at least one year [113]. - The company is obligated to pay $10,000 per month for office space and administrative support, with a total advance of $240,000 paid as of December 31, 2025 [116]. - The company has no long-term debt or off-balance sheet arrangements as of December 31, 2025 [114].
Activate Energy Acquisition(AEAQU) - 2025 Q4 - Annual Report