- CEO
- Mitchell Mechigian
- Full Time Employees
- 4
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Boundary Hall Grand Cayman Cayman Islands KY1-1102
- IPO Date
- Feb 28, 2025
- Business
- Fifth Era Acquisition Corp I Units (FERAU) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company offers redeemable units consisting of one share of Class A ordinary shares and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at an exercise price of $11.50; warrants become exercisable 30 days after the completion of the initial business combination or earlier under certain conditions. It targets businesses in the technology sector, particularly those leveraging artificial intelligence, data infrastructure, and advanced computing, serving institutional and accredited investors as its primary customer base. Founded in 2024 and headquartered in New York, New York, Fifth Era Acquisition Corp I conducts its operations principally in the United States with potential for global merger targets. In recent developments, the company completed its initial public offering in October 2024, raising $230 million to pursue strategic acquisitions amid a resurgence in SPAC activity, and continues to seek high-growth tech targets without any announced mergers, acquisitions, or name changes as of late 2025.