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Fifth Era Acquisition Corp I Units 10-Q Filings

FERAU NASDAQ

Every 10-Q that Fifth Era Acquisition Corp I Units (FERAU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow FERAU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FERAU filings page.

Rhea-AI Summary

Fifth Era Acquisition Corp I, a Cayman Islands SPAC, reported total assets of $242.4 million as of June 30 2026, including $242.1 million in a Trust Account supporting its 23,000,000 redeemable Class A shares at $10.52 per share. For the three and six months ended June 30 2026 it generated net income of $1.32 million and $2.61 million, driven by $4.22 million of interest on Trust investments, while incurring general and administrative expenses of $1.61 million for the six‑month period.

The company had cash outside the Trust of $157,686 and a working capital deficit of $3.99 million, and Management disclosed substantial doubt about its ability to continue as a going concern absent a business combination or additional financing before March 3 2027. It has agreed a Miotal Business Combination under which its Class A and Class B shares will convert into Holdco ordinary shares and Miotal shareholders will receive Holdco shares valuing Miotal equity at $10 billion. Miotal estimates its strategic metals stockpile at approximately $35 billion based on prevailing market prices.

Rhea-AI Summary

Fifth Era Acquisition Corp I, a SPAC, reported net income of $1.29 million for the quarter ended March 31, 2026, driven by $2.09 million of interest on its $239.95 million Trust Account, partially offset by $0.80 million of general and administrative expenses.

Cash outside the Trust Account was $370,084 with a working capital deficit of $3.18 million, and management disclosed substantial doubt about its ability to continue as a going concern if it cannot complete a business combination by March 3, 2027.

The company entered into a Miotal Business Combination Agreement, under which its Class A and B shares will convert into Holdco shares and Miotal shareholders will receive Holdco shares valued at $10 billion. Miotal estimates its high-purity strategic metals stockpile at about $35 billion based on prevailing prices. Closing is expected in the second half of 2026, subject to shareholder, regulatory and other customary approvals.

Rhea-AI Summary

Fifth Era Acquisition Corp I (FERAU) completed its IPO and related private placement, placing $230,000,000 into a Trust Account invested in U.S. Treasury money market funds to fund an eventual business combination. The company reported $3.15 million of interest income on trust investments for the six months ended June 30, 2025 and net income of $1.52 million for that period, largely driven by that interest. It held $233.15 million of marketable securities in the Trust Account and $850,918 of cash outside the trust as of June 30, 2025. Operating costs were modest at $1.63 million for the six months, but management disclosed a working capital deficit of $393,675 and concluded that substantial doubt exists about the company’s ability to continue as a going concern absent completing a business combination or obtaining additional working capital. Public Shares are recorded as redeemable temporary equity at a redemption value of $233.15 million, and the company has a deferred underwriting fee liability of $10.95 million payable upon completion of a business combination.