NEW YORK--(BUSINESS WIRE)--Fifth Era Acquisition Corp I (NASDAQ: FERA) (“FERA”), a special purpose acquisition company, and SMT Holdings Limited (“Miotal” or the “Company”), a strategic metals platform focused on the acquisition, holding and monetization of high-purity, technology-grade materials, today announced that they have entered into a definitive business combination agreement (the “Business Combination Agreement”).

Upon closing, the combined company is expected to operate under the name “Miotal” (the “Combined Company”) and to be publicly listed on Nasdaq.

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New York, NY, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Fifth Era Acquisition Corp. I (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, February 28, 2025, under the ticker symbol “FERAU.” Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “FERA” and “FERAR,” respectively. The offering is expected to close on March 3, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

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