Fifth Era Acquisition Corp I

Fifth Era Acquisition Corp I (FERA) is a blank-check company (SPAC) that raised $200M in its initial public offering on Feb 28, 2025, listing on Nasdaq. It agreed to combine with SMT Holdings Limited, announced on Apr 9, 2026, at a stated value of $10B. The deal has not closed yet. Cantor led the IPO. Ellenoff Grossman & Schole advised the SPAC and King & Spalding advised the underwriters on the IPO.

SMT Holdings Limited, expected to operate as Miotal, is a strategic metals platform focused on acquiring, holding and monetizing high-purity, technology-grade materials. It has agreed a business combination with Fifth Era Acquisition Corp I.

Status

Deal announced

Ticker

FERA

IPO date

Feb 28, 2025

IPO size

$200M

IPO exchange

Nasdaq

Target

SMT Holdings Limited

Target sector

Mining

Announced

Apr 9, 2026

Stated deal value

$10B

Combined company

Miotal SPAC HoldCo, Inc.

IPO underwriters

Cantor

SPAC counsel (IPO)

Ellenoff Grossman & Schole and Maples and Calder

Underwriters' counsel (IPO)

King & Spalding