Core Points - Activate Energy Acquisition Corp. closed its initial public offering (IPO) of 23,000,000 units at $10.00 per unit, raising gross proceeds of $230 million before expenses [1][3] - The units began trading on Nasdaq under the ticker symbol "AEAQU" on December 4, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants allowing the purchase of one Class A ordinary share at $11.50 [2] Company Overview - Activate Energy Acquisition Corp. is a blank check company incorporated in the Cayman Islands, aiming to effect a merger, share exchange, asset acquisition, or similar business combination [5] - The company intends to focus on industries that complement its management team's background, particularly in the oil and gas sector [5] - The net proceeds from the offering will be used to consummate the company's initial business combination [3]
Activate Energy Acquisition Corp. Announces Closing of $230,000,000 Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option