Activate Energy Acquisition Corp. (Nasdaq: AEAQU) closed its initial public offering of 23,000,000 units at $10.00 per unit, raising $230 million. Each unit includes one Class A ordinary share and one-half of a redeemable warrant. The Company plans to use the proceeds for its initial business combination. The units are now trading on Nasdaq under the ticker symbol “AEAQU”. Activate Energy Acquisition Corp. is a blank check company focusing on the oil and gas industry. Forward-looking statements caution of risks and uncertainties. Contact Activate Energy Acquisition Corp. at 302-207-9500 or [email protected].

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