Activate Energy Acquisition Corp. (Ticker: AEAQU US) is a Cayman Islands-incorporated blank check company primarily focusing on target businesses within the oil and gas industry. The company plans to list on the NASDAQ exchange on December 4, 2025, planning to offer 20 million units at a price of $10.00 per unit. This transaction aims to raise $200 million in gross proceeds, with a total offer amount reportedly reaching up to $230 million if over-allotment options are fully exercised.

Activate Energy plans to use the proceeds to effect a merger, share exchange, asset acquisition, or similar business combination. The company is led by CEO Thomas Fontaine and CFO David Wood, who reportedly aim to leverage their collective experience in corporate finance and the energy sector to identify a suitable target. BTIG is acting as the manager for the offering.