Fifth Era Acquisition Corp I Announces the Pricing of $200,000,000 Initial Public Offering
Fifth Era Acquisition Corp I has announced the pricing of its $200 million initial public offering, consisting of 20,000,000 units at $10.00 per unit. The units will trade on Nasdaq under 'FERAU' starting February 28, 2025.
Each unit includes one Class A ordinary share and one Share Right to receive 1/10th of a Class A ordinary share upon business combination completion. The shares and rights will trade separately under 'FERA' and 'FERAR'. The offering is expected to close March 3, 2025, with underwriters having a 45-day option to purchase up to 3,000,000 additional units.
The blank check company aims to merge or acquire technology-enabled businesses, focusing on internet, enterprise technology, software, AI, fintech, and blockchain. The management team is led by CEO Mitchell Mechigian, with Alison Davis as managing director and Matthew Le Merle as Chairman. Cantor Fitzgerald & Co. serves as the sole book-running manager.
Fifth Era Acquisition Corp I ha annunciato il prezzo della sua offerta pubblica iniziale di 200 milioni di dollari, composta da 20.000.000 di unità a 10,00 dollari per unità. Le unità saranno scambiate su Nasdaq con il simbolo 'FERAU' a partire dal 28 febbraio 2025.
Ogni unità include una azione ordinaria di Classe A e un diritto azionario per ricevere 1/10 di un'azione ordinaria di Classe A al completamento della fusione aziendale. Le azioni e i diritti saranno scambiati separatamente con i simboli 'FERA' e 'FERAR'. Si prevede che l'offerta si chiuda il 3 marzo 2025, con i sottoscrittori che hanno un'opzione di 45 giorni per acquistare fino a 3.000.000 di unità aggiuntive.
La società di check in bianco mira a fondersi o acquisire aziende abilitate dalla tecnologia, concentrandosi su internet, tecnologia aziendale, software, intelligenza artificiale, fintech e blockchain. Il team di gestione è guidato dal CEO Mitchell Mechigian, con Alison Davis come direttore generale e Matthew Le Merle come presidente. Cantor Fitzgerald & Co. funge da unico gestore dell'offerta.
Fifth Era Acquisition Corp I ha anunciado el precio de su oferta pública inicial de 200 millones de dólares, que consiste en 20,000,000 de unidades a 10.00 dólares por unidad. Las unidades se negociarán en Nasdaq bajo el símbolo 'FERAU' a partir del 28 de febrero de 2025.
Cada unidad incluye una acción ordinaria de Clase A y un derecho de acción para recibir 1/10 de una acción ordinaria de Clase A al completar la combinación empresarial. Las acciones y los derechos se negociarán por separado bajo los símbolos 'FERA' y 'FERAR'. Se espera que la oferta se cierre el 3 de marzo de 2025, con los suscriptores teniendo una opción de 45 días para comprar hasta 3,000,000 de unidades adicionales.
La empresa de cheque en blanco tiene como objetivo fusionarse o adquirir empresas habilitadas por tecnología, centrando su atención en internet, tecnología empresarial, software, IA, fintech y blockchain. El equipo de gestión está liderado por el CEO Mitchell Mechigian, con Alison Davis como directora general y Matthew Le Merle como presidente. Cantor Fitzgerald & Co. actúa como el único gerente de la oferta.
Fifth Era Acquisition Corp I는 2억 달러 규모의 기업공개(IPO) 가격을 발표했습니다. 이는 1단위당 10.00달러에 20,000,000개의 유닛으로 구성됩니다. 이 유닛은 Nasdaq에서 'FERAU'라는 기호로 2025년 2월 28일부터 거래됩니다.
각 유닛에는 1개의 클래스 A 보통주와 비즈니스 결합 완료 시 클래스 A 보통주 1/10주를 받을 수 있는 주식 권리가 포함됩니다. 주식과 권리는 각각 'FERA' 및 'FERAR'로 별도로 거래됩니다. 이 공모는 2025년 3월 3일에 마감될 예정이며, 인수자는 45일 동안 최대 3,000,000개의 추가 유닛을 구매할 수 있는 옵션을 가집니다.
이 빈 체크 회사는 인터넷, 기업 기술, 소프트웨어, AI, 핀테크 및 블록체인에 중점을 두고 기술 기반 비즈니스를 합병하거나 인수하는 것을 목표로 합니다. 경영진은 CEO 미첼 메치기안이 이끌고, 앨리슨 데이비스가 전무, 매튜 르 메를이 의장을 맡고 있습니다. Cantor Fitzgerald & Co.는 단독 북런닝 매니저로 활동합니다.
Fifth Era Acquisition Corp I a annoncé le prix de son offre publique initiale de 200 millions de dollars, composée de 20 000 000 d'unités à 10,00 dollars par unité. Les unités seront cotées sur le Nasdaq sous le symbole 'FERAU' à partir du 28 février 2025.
Chaque unité comprend une action ordinaire de Classe A et un droit d'action pour recevoir 1/10 d'une action ordinaire de Classe A à l'achèvement de la combinaison d'affaires. Les actions et les droits seront négociés séparément sous les symboles 'FERA' et 'FERAR'. La clôture de l'offre est prévue pour le 3 mars 2025, avec les souscripteurs ayant une option de 45 jours pour acheter jusqu'à 3 000 000 d'unités supplémentaires.
La société de chèque en blanc vise à fusionner ou acquérir des entreprises habilitées par la technologie, en se concentrant sur internet, technologie d'entreprise, logiciels, IA, fintech et blockchain. L'équipe de direction est dirigée par le PDG Mitchell Mechigian, avec Alison Davis en tant que directrice générale et Matthew Le Merle en tant que président. Cantor Fitzgerald & Co. agit en tant que seul gestionnaire de livres.
Fifth Era Acquisition Corp I hat die Preisgestaltung ihres 200 Millionen Dollar IPO bekannt gegeben, das aus 20.000.000 Einheiten zu je 10,00 Dollar pro Einheit besteht. Die Einheiten werden ab dem 28. Februar 2025 unter dem Symbol 'FERAU' an der Nasdaq gehandelt.
Jede Einheit umfasst eine Stammaktie der Klasse A und ein Aktienrecht, um 1/10 einer Stammaktie der Klasse A nach Abschluss der Unternehmensfusion zu erhalten. Die Aktien und Rechte werden separat unter 'FERA' und 'FERAR' gehandelt. Es wird erwartet, dass das Angebot am 3. März 2025 abgeschlossen wird, wobei die Underwriter eine 45-tägige Option haben, bis zu 3.000.000 zusätzliche Einheiten zu erwerben.
Das Blankoscheckunternehmen zielt darauf ab, technologiegestützte Unternehmen zu fusionieren oder zu erwerben, mit einem Fokus auf Internet, Unternehmenssoftware, Software, KI, Fintech und Blockchain. Das Management-Team wird von CEO Mitchell Mechigian geleitet, mit Alison Davis als Geschäftsführerin und Matthew Le Merle als Vorsitzendem. Cantor Fitzgerald & Co. fungiert als alleiniger Buchführungsmanager.
- Large IPO size of $200M indicates strong initial capitalization
- Listing on major exchange (Nasdaq) provides high visibility and liquidity
- Broad technology sector focus allows flexibility in target selection
- Experienced management team with technology and financial expertise
- No specific acquisition target identified yet
- SPAC structure involves inherent investment uncertainty
- Share dilution will occur upon right conversion (10:1)
- 45-day over-allotment option could lead to additional dilution
Insights
Fifth Era Acquisition Corp I has priced its $200 million IPO, offering 20 million units at $10.00 each on Nasdaq under symbol FERAU. Each unit bundles one Class A ordinary share with one share right that converts to 1/10th of a share upon completing a business combination.
This SPAC structure provides investors with a potential equity upside while maintaining downside protection through the $10.00 per unit trust account where proceeds will be held until a merger target is identified. The underwriters' 45-day option to purchase 3 million additional units could potentially increase the offering size to $230 million if fully exercised.
Fifth Era's focus on technology-enabled businesses—specifically targeting internet, enterprise technology, software (including AI), fintech and blockchain sectors—positions it in high-growth potential markets. The management team brings relevant expertise, with Mitchell Mechigian as CEO and Matthew Le Merle as Chairman.
For investors, the unit structure offers flexibility once the components begin trading separately under symbols FERA (shares) and FERAR (rights). The 1/10 share right structure means investors will receive one additional share for every ten rights held when a business combination completes, creating potential value appreciation beyond the initial investment.
Each Unit Includes One Class A Ordinary Share and
One Share Right to Receive 1/10th of a Class A Ordinary Share
New York, NY, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Fifth Era Acquisition Corp. I (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price of
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 intelligence, fintech and blockchain.
The Company’s management team is led by Mitchell Mechigian, its Chief Executive Officer and Director, Alison Davis, its managing director, Chris Linn, its Chief Financial Officer and Director, and Matthew Le Merle, its Managing Director and Chairman of the Board of Directors (the “Board”). In addition, the Board includes Colin Wiel, Gary Cookhorn, and Rebecca Macieira-Kaufmann.
Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email at prospectus@cantor.com.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on February 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Fifth Era Acquisition Corp I
Mitchell Mechigian
spac@fifthera.com
FAQ
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