Fifth Era Acquisition I, a blank check company formed by investors Fifth Era and Blockchain Coinvestors targeting tech, raised $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 plans to list on the Nasdaq under the symbol FERAU. Cantor Fitzgerald acted as sole bookrunner on the deal.
