Fifth Era Acquisition I, a blank check company formed by investors Fifth Era and Blockchain Coinvestors targeting tech, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The Cayman Islands-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Fifth Era Acquisition I is led by Managing Directors Matthew Le Merle and Alison Davis, the founders and managers of Fifth Era, an investor in disruptive technologies, and Blockchain Coinvestors, a blockchain venture investor and fund of funds. The SPAC plans to target technology-enabled businesses in a diverse range of areas including internet, enterprise technology, software, including artificial intelligence, fintech, and blockchain.
Le Merle previously led SPAC Blockchain Coinvestors Acquisition I (BCSA), which liquidated this past November.
Fifth Era Acquisition I was founded in 2024 and plans to list on the Nasdaq under the symbol FERAU. The company filed confidentially on June 17, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
