[Form 3] Fifth Era Acquisition Corp I Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Mitchell Mechigian filed an Initial Statement of Beneficial Ownership on Form 3 for Fifth Era Acquisition Corp I (FERA). The filing reports that 922,313 Class B ordinary shares were transferred to Mr. Mechigian from Fifth Era Acquisition Sponsor I LLC and are held directly by him. Those Class B shares convert one-for-one into Class A ordinary shares at the issuer's initial business combination or earlier at the holder's option. The Form 3 was signed by Mitchell Mechigian on 09/16/2025 and lists the event date as 09/15/2025.

Positive

• Clear disclosure of beneficial ownership change by an insider (Mitchell Mechigian) with specific share count
• Founder shares are described as converting one-for-one to Class A shares, clarifying economic effect
• Filing signed and dated (event 09/15/2025, form signed 09/16/2025), meeting reporting traceability

Negative

• None.

Insights

Financial Analyst

TL;DR: A director/CEO now directly holds 922,313 founder shares that convert to public Class A shares at business combination.

The Form 3 documents a direct holding transfer of 922,313 Class B ordinary shares to Mitchell Mechigian from the Sponsor. These founder shares convert one-for-one into Class A ordinary shares upon an initial business combination, preserving economic exposure tied to the SPAC's sponsor equity stake. The disclosure clarifies record ownership and voting/investment discretion structure but does not provide financial terms beyond share counts.

Corporate Governance Expert

TL;DR: The filing clarifies beneficial ownership and governance roles for a named director and CEO.

The filing explicitly identifies Mr. Mechigian as a director and Chief Executive Officer and confirms a direct beneficial ownership transfer of 922,313 Class B Ordinary Shares. It notes that FEMS remains the managing member of the Sponsor and retains voting and investment discretion over other Sponsor-held Class B shares. This disclosure aligns with Section 16 reporting requirements and informs stakeholders about insider ownership concentration and control relationships.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Mechigian Mitchell

(Last) (First) (Middle)

C/O FIFTH ERA ACQUISITION CORP I

PO BOX 1093 BOUNDARY HALL

(Street)

GRAND CAYMAN E9 KY1-1102

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/15/2025

3. Issuer Name and Ticker or Trading Symbol
Fifth Era Acquisition Corp I [ FERA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B ordinary shares(1)	(1)	(1)	Class A Ordinary Shares	922,313(2)	(1)	D

Explanation of Responses:

1. As described in the registration statement on Form S-1 (File No. 333-284793) of Fifth Era Acquisition Corp I (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the Issuer ("Class B Ordinary Shares") will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer ("Class A Ordinary Shares") at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.

2. Represents 922,313 Class B Ordinary Shares transferred by Fifth Era Acquisition Sponsor I LLC (the "Sponsor") to Mitchell Mechigian which were previously held by him indirectly through Fifth Era Management Sponsor I LLC ("FEMS"), the managing member of the Sponsor,. Excludes 6,744,354 Class B Ordinary Shares directly held by the Sponsor, of which FEMS is the managing member, and Matthew Le Merle, Alison Davis and Mitchell Mechigian are the managing members of FEMS and hold voting and investment discretion with respect to the Class B Ordinary Shares held of record by the Sponsor.

	/s/ Mitchell Mechigian	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Mitchell Mechigian report on Form 3 for FERA?

He reported direct ownership of 922,313 Class B ordinary shares transferred to him from the Sponsor.

When did the reported event occur and when was the Form 3 signed?

The event date is 09/15/2025 and the Form 3 was signed on 09/16/2025.

Do the Class B shares convert to Class A shares?

Yes; the filing states Class B ordinary shares convert one-for-one into Class A ordinary shares at the issuer's initial business combination or earlier at the holder's option.

How many Class B shares does the Sponsor still hold according to the filing?

The filing states the Sponsor directly holds 6,744,354 Class B Ordinary Shares (excluded from the 922,313 transferred).

What governance roles are identified for reporting persons in the filing?

Mitchell Mechigian is disclosed as both a Director and the Chief Executive Officer of the issuer.