Fifth Era Acquisition Corp I
FERAR
NASDAQ0.30
USD
-0.01
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Fifth Era Acquisition Corp I
FERAR
(NASDAQ)
Recent
price
0.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- Similar Companies
- Business
- Fifth Era Acquisition Corp I Rights (FERAR) represents the rights component of units issued by Fifth Era Acquisition Corp I, a blank check company incorporated in the Cayman Islands that seeks to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses; the company focuses primarily on technology-enabled businesses across internet, enterprise technology, software including artificial intelligence, fintech and blockchain sectors. Each right entitles the holder to receive one-tenth of one Class A ordinary share upon consummation of an initial business combination, with the rights trading separately on the Nasdaq Global Market under the ticker FERAR alongside the related Class A ordinary shares under FERA and units under FERAU. Headquartered in Grand Cayman, Cayman Islands, the company launched its initial public offering in February 2025, pricing 20 million units at $10 each and closing the upsized offering of 23 million units in March 2025 for gross proceeds of $230 million, underwritten by Cantor Fitzgerald & Co.; units began separate trading of shares and rights on April 21, 2025, with proceeds deposited into a trust account at $10 per unit. The management team includes Chief Executive Officer Mitchell Mechigian, Chief Financial Officer Chris Linn, Managing Director Alison Davis, Chairman Matthew Le Merle and independent directors Colin Wiel, Gary Cookhorn and Rebecca Macieira-Kaufmann; no business combination has been announced as of late 2025, and the sponsor is Fifth Era Acquisition Sponsor I LLC, affiliated with the Fifth Era investment group targeting exponential technologies.