Here are the 10-Q quarterly reports from Activate Energy Acquisition Corp. Unit (AEAQU) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AEAQU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AEAQU filings page.
Activate Energy Acquisition Corp., a Cayman Islands SPAC, reported results for the quarter ended June 30, 2026 while it continues to search for a Business Combination in the oil and gas or other sectors. The company has not begun operating activities and its net income is driven by interest on IPO proceeds held in its trust.
For the three and six months ended June 30, 2026, it recorded net income of $1.8 million and $3.6 million, respectively, primarily from $4.1 million of interest on $234.6 million of investments held in the Trust Account, partially offset by $487,394 of general and administrative costs. Cash outside the Trust Account was $412,631 with a working capital surplus of $459,247.
Management disclosed that the company expects to continue incurring significant costs to pursue an acquisition and, together with the requirement to complete a Business Combination by December 5, 2027 or liquidate, this raises substantial doubt about its ability to continue as a going concern. No Business Combination agreement has been signed, and 23,000,000 Class A public shares remain redeemable at a redemption value of about $10.20 per share.
Activate Energy Acquisition Corp. reported net income of $1,835,182 for the quarter ended March 31, 2026, driven by interest of $2,027,507 on investments in its trust account, partially offset by general and administrative costs of $192,325. As a blank-check company, it has not begun operating a business and is still searching for a merger partner. Cash and cash equivalents outside the trust were $552,636, while investments held in the trust account totaled $232,583,863. Management discloses substantial doubt about the company’s ability to continue as a going concern if it cannot complete a business combination by the end of its combination period ending on December 5, 2027. As of April 17, 2026, there were 23,645,000 Class A and 7,666,667 Class B ordinary shares outstanding.