other material
confidence high
sentiment neutral
materiality 0.60
Fifth Era Acquisition Corp I completes $230M IPO and $6M private placement
Fifth Era Acquisition Corp I
- IPO of 23,000,000 units at $10.00/unit, gross proceeds $230,000,000; over-allotment fully exercised (3,000,000 units).
- Private placement of 600,000 units to sponsor (380,000) and Cantor Fitzgerald (220,000) at $10.00/unit, gross $6,000,000.
- Total $230,000,000 deposited in trust account, held at $10.00 per unit for future business combination.
- Transaction costs of $15,557,879 include $4,000,000 cash underwriting fee, $10,950,000 deferred underwriting fee, and $607,879 other costs.
- Audited balance sheet as of March 3, 2025 filed as Exhibit 99.1; total assets $231,360,699.