FERA SPAC to merge with strategic metals platform Miotal in $10B transaction

Fifth Era Acquisition Corp I

Business combination values Miotal at $10B; each Holdco ordinary share priced at $10.00.
Miotal holds ultrafine copper (6N purity), nickel wire, and rare earth metals with estimated total value ~$35B based on market prices; stored in Switzerland.
Combination expected to close in H1 2026, subject to FERA shareholder approval, regulatory conditions, and Nasdaq listing.
Sponsor agrees to vote in favor; will cover excess transaction costs above $15M or reduce share consideration.
Holdco board to consist of 7 directors: CEO, one sponsor designee, five Miotal designees.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fifth Era Acquisition Corp I entered into Business Combination Agreement with SMT Holdings Limited (effective 2026-04-07).

Action: entry
Agreement: merger
Counterparty: SMT Holdings Limited
Effective: 2026-04-07

Exact text from the filing

As of April 7, 2026, Fifth Era Acquisition Corp I, a Cayman Islands exempted company (“ FERA ”), entered into a Business Combination Agreement (the “ Business Combination Agreement ”), by and among FERA, Miotal SPAC HoldCo, Inc., a Cayman Islands exempted company (“ Holdco ”), PENNY Merger Sub, Inc., a Cayman Islands exempted company (“ Merger Sub ”) and SMT Holdings Limited, an Abu Dhabi Global Market Private Company Limited by Shares (the “ Company ”).

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Fifth Era Acquisition Corp I filing history →

Source: SEC EDGAR

accession 0001213900-26-041771

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