Fifth Era Acquisition Corp. I Closes $230M IPO on Nasdaq

New York, NY, March 03, 2025 - Fifth Era Acquisition Corp. I (FERAU) has announced the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, resulting in gross proceeds of $230,000,000. This includes the full exercise of the underwriters' over-allotment option for 3,000,000 units.

The units began trading on the Nasdaq Global Market under the ticker symbol “FERAU” on February 28, 2025. Each unit comprises one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon the completion of an initial business combination. An amount of $10.00 per unit has been deposited into a trust account.

Key Highlights:

• The company is a blank check company planning a merger, share exchange, asset acquisition, or similar business combination.
• The company will focus on technology enabled businesses in areas including internet, enterprise technology, software, including artificial intelligence, fintech and blockchain.
• The management team includes Mitchell Mechigian (CEO and Director), Alison Davis (Managing Director), Chris Linn (CFO), and Matthew Le Merle (Managing Director and Chairman).

Cantor Fitzgerald & Co. served as the sole book-running manager for the offering.

A registration statement relating to the securities has been filed with the SEC and became effective on February 27, 2025.