SPAC
Initial Public Offering / IPO SPAC
Show Chart?
Load external content from TradingView!
*You can change or withdraw your consent at any time in the footer under Cookies.
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.
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but will focus on technology enabled businesses in a diverse range of areas including internet, enterprise technology, software, including artificial...