Activate Energy Acquisition Corp. (AEAQW) Warrant
Each AEAQW warrant gives the holder the right to buy 1 share of Activate Energy Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.08, below the strike, so the warrant is out of the money. Activate Energy Acquisition Corp. has a market value of about $315.62M. Activate Energy Acquisition Corp. is a SPAC (no deal announced yet). It must complete a deal by December 5, 2027 or the warrants expire worthless. There are 11.50M listed warrants; exercising all of them would add 36.7% to the 31.31M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.80
From the issuer's 8-K (2025-12-09).
Company and stock
- Company
- Activate Energy Acquisition Corp.
- Underlying stock
- AEAQ
- Share price
- $10.08
- Market cap
- $315.62M
- Shares outstanding
- 31.31M
- Range since Jan 2026
- $9.88 – $10.10
- Change since Jan 2026
- +2%
- Value of all listed warrants
- $3.51M (1.1% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Grand Cayman
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.3050
- Price / model
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Dilution
- Shares outstanding
- 31.31M
- Listed warrants
- 11.50M
- Dilution if all exercised
- 36.7%
Warrant count from filing iXBRL: PublicWarrantsMember|IPOMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-12-05
- Latest possible deadline
- —
- Trust per share
- $10.20
- Sponsor
- Activate Energy Sponsors LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about AEAQW
When does the AEAQW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of AEAQW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many AEAQW warrants are outstanding?
11.50M listed warrants, equal to 36.7% dilution if all are exercised.
Related warrants
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