ACTIVATE ENERGY ACQUISITION

Historical 13F Holders

Reported Value, Excluding Options

Total Shares Held, Excluding Options

Total Filers

Each filer's latest filing for G0081J129 since 12/18/2024, largest first.

Filer	% of Class	Shares	Form	Filed
Adage Capital Management, L.P. 13G	7.6%	1,800,000	13G	2/12/2026 Event 12/31/2025
Adage Capital Management, L.P.	7.6%	1,800,000
Robert Atchinson	7.6%	1,800,000
Phillip Gross	7.6%	1,800,000
KRYGER CAPITAL Ltd 13G	6.0%	1,250,000	13G	2/17/2026 Event 12/31/2025

Period	Filers	Shares, Excl. Options	Value, Excl. Options	Options Value
2026 Q3	1	10.8 k	$110 k	$0
2026 Q2	16	2.83 M	$28.8 M	$0
2026 Q1	19	3.67 M	$36.9 M	$0
2025 Q4	64	21.5 M	$215 M	$0