[SCHEDULE 13G] Fifth Era Acquisition Corp I Units SEC Filing

Rhea-AI Filing Summary

The Schedule 13G shows The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly report beneficial ownership of 1,370,314 Class A ordinary shares of Fifth Era Acquisition Corp I, equal to 5.8% of the class. The cover pages report sole voting and dispositive power of 0 and shared voting and dispositive power of 1,370,314, indicating the holders share authority to vote and to direct disposition of these shares rather than exercising sole control.

Exhibits include a joint filing agreement authorizing the joint Schedule 13G and an Item 7 exhibit that identifies GS Group as a parent holding company and Goldman Sachs & Co. LLC as a subsidiary broker-dealer and investment adviser. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Insights

Financial Analyst

TL;DR: Goldman reports a disclosed, non-control 5.8% stake in Fifth Era Acquisition (1.37M shares) via shared voting power.

The filing documents an aggregate beneficial position of 1,370,314 shares (5.8%) held with shared voting and dispositive power and no sole voting or dispositive authority. That combination, together with the Item 10 certification that the holdings are in the ordinary course and not intended to influence control, classifies this as a disclosed passive stake rather than an active control bid. For investors, the item is material as a >5% disclosure but the filing contains no indication of strategic intent or planned governance actions.

Corporate Governance Expert

TL;DR: Joint filing and exhibits clarify ownership lines; filing asserts no intent to alter issuer control.

The Schedule 13G is supported by a joint filing agreement (Exhibit 99.1) and an Item 7 exhibit (Exhibit 99.2) that identifies the parent/subsidiary relationship between GS Group and Goldman Sachs & Co. LLC. The disclosure of shared voting/dispositive power and the certification that the securities are held in the ordinary course provide transparency on who may participate in voting discussions but do not signal a control-oriented proposal. From a governance perspective, the filing increases clarity on potential voting coordination without asserting any takeover intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

FIFTH ERA ACQUISITION CORP I

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G3415K101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G3415K101

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,370,314.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,370,314.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,370,314.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. G3415K101

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,370,314.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,370,314.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,370,314.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FIFTH ERA ACQUISITION CORP I
(b)	Address of issuer's principal executive offices: PO Box 1093 Boundary Hall, Grand Cayman, E9, KY1-1102
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G3415K101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: Mariana Audeves Martinez
Name/Title:	Attorney-in-fact
Date:	07/17/2025

GOLDMAN SACHS & CO. LLC

Signature:	Name: Mariana Audeves Martinez
Name/Title:	Attorney-in-fact
Date:	07/17/2025

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A ordinary shares, par value $0.0001 per share, of FIFTH ERA ACQUISITION CORP I and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 07/17/2025 THE GOLDMAN SACHS GROUP, INC. By:/s/ Mariana Audeves Martinez ---------------------------------------- Name: Mariana Audeves Martinez Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Mariana Audeves Martinez ---------------------------------------- Name: Mariana Audeves Martinez Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group.

FAQ

How many Fifth Era Acquisition (FERAU) shares does Goldman Sachs report owning?

The filing reports beneficial ownership of 1,370,314 Class A ordinary shares, equal to 5.8% of the class.

Does Goldman Sachs claim sole voting power over the FERAU shares?

No. The filing reports sole voting power of 0 and shared voting power of 1,370,314.

Is this a joint filing and what exhibits support it?

Yes. The filing includes a Joint Filing Agreement (Exhibit 99.1) and an Item 7 exhibit (Exhibit 99.2) identifying the reporting structure.

Did the filers state the purpose of the holdings in the Schedule 13G?

Yes. The filing contains a certification stating the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Which entities filed the Schedule 13G for FERAU?

The reporting persons are The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC.