Fifth Era Acquisition Corp I Completes $230,000,000 Initial Public Offering

Quick Summary:

The units began trading on the Nasdaq Global Market ("Nasdaq”) on February 28, 2025 under the ticker symbol "FERAU.” Each unit consists of one Class A ordinary share and one right (the "Share Right”) to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination.An amount equal to $10.00 per unit was deposited into a trust account upon the closing of the offering.

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.

I (the "Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a price of $10.00 per unit, resulting in gross proceeds of $230,000,000.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Fifth Era Acquisition Corp I

Category: Technology

Markets: China

Topics: Nasdaq:FERA KYG3415K1278

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 21:05:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26643909

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 27 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions