Fifth Era Acquisition Sponsor I LLC - Feb 6, 2025 Form 4 Insider Report for Fifth Era Acquisition Corp I (FERA)

Role
10%+ Owner
Signature
/s/ Mitchell Mechigian, Managing Member of Fifth Era Acquisition Sponsor I LLC, Managing Member of Fifth Era Management Sponsor I LLC
Stock symbol
FERA
Transactions as of
Feb 6, 2025
Transactions value $
$3,800,000
Form type
4
Date filed
3/4/2025, 10:25 AM
Next filing
Feb 27, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FERA Class A ordinary shares Purchase $3.8M +380K $10.00 380K Mar 3, 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FERA Rights to receive Class A ordinary shares Purchase +380K +4.96% 8.05M Mar 3, 2025 Class A Ordinary Shares 38K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the 380,000 Class A ordinary shares of Fifth Era Acquisition Corp I (the "Issuer") that are included in the 380,000 private placement units of the Issuer purchased by Fifth Era Acquisition Sponsor I LLC ("Sponsor"). Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination.
F2 The Sponsor is the record holder of the shares reported herein. Fifth Era Management Sponsor I LLC ("FEMS") is the managing member of the Sponsor. Matthew Le Merle, Alison Davis and Mitchell Mechigian are the managing members of FMS and hold voting and investment discretion with respect to the Class B ordinary shares held of record by the Sponsor. As such, Mr. Le Merle, Ms. Davis and Mr. Mechigian may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Le Merle, Ms. Davis and Mr. Mechigian disclaim any beneficial ownership except to the extent of their pecuniary interest therein.
F3 Represents the 38,000 Class A ordinary shares, which may be acquired by Sponsor upon the conversion of 380,000 rights (included in the Sponsor's private placement units) upon consummation of the registrant's initial business combination. As described in the Registration Statement under the heading "Description of Securities-Share Rights," each right will automatically convert into one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination, subject to certain adjustments described therein and have no expiration date. No fractional Class A ordinary shares will be issued upon conversion of such rights.
F4 Represents (i) the 380,000 rights referred to in footnotes 1 and 3 and (ii) 7,666,667 Class B ordinary shares held by the Sponsor acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor.