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FERA

Fifth Era Acquisition Corp I Class A Ordinary Shares

FERA

Fifth Era Acquisition Corp I Class A Ordinary Shares • NASDAQ
$10.35 ▼ -0.24% (-0.03)
Market Cap $323.61 M
52w High $10.50
52w Low $9.87
Dividend Yield 0%
P/E 0
Volume 4.67K
Outstanding Shares 31.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $1.507M ▼ $929.008K ▲ 0% $0.03 $0 ▲
Q2-2025 $0 $1.51M ▲ $895.779K ▲ 0% $0.03 ▲ $-1.51M ▼
Q1-2025 $0 $119.286 ▲ $621.591 ▲ 0% $0.024 ▲ $-119 ▼
Q2-2024 $0 $54.604 $-54.604 0% $-0.011 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $667.204K ▼ $236.506M ▲ $13.669M ▲ $-12.746M ▼
Q2-2025 $850.918K ▼ $234.318M ▲ $12.411M ▼ $221.908M ▲
Q1-2025 $1.018M ▲ $232.082M ▲ $13.5M ▲ $221.012K ▲
Q2-2024 $0 $98.173K $127.777K $-29.604K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $929.008K ▲ $-183.714K ▼ $-230M ▼ $0 $-183.714K ▼ $-183.714K ▼
Q2-2025 $895.779K ▲ $-167.288K ▲ $230M ▲ $0 ▼ $-167.288K ▼ $-167.288K ▲
Q1-2025 $621.591K ▲ $-415.611K ▼ $-230M ▼ $231.434M ▲ $1.018M ▲ $-415.611K ▼
Q2-2024 $-54.604 $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement FERA is essentially an empty corporate shell at this stage, so its income statement is not meaningful in the usual sense. It has no revenue, no operating business, and only very small costs related to being a public company and running the SPAC structure. The slight loss per share simply reflects these administrative and legal expenses, not an operating problem. From a performance standpoint, the future income profile will depend entirely on the company it eventually merges with, not on the current shell.

Balance Sheet

Balance Sheet As a SPAC, FERA’s balance sheet is designed to be mostly cash held in trust rather than factories, products, or traditional business assets. The placeholder figures you see now reflect that it is pre‑combination and has no real operating assets or liabilities beyond this structure. The key asset is the pool of capital raised in the offering; the key liability is the obligation to either use that capital in an acceptable merger or return it to shareholders if no deal is completed within the allowed timeframe. The true balance sheet investors will care about will only become clear after a merger target is announced and the transaction structure is defined.

Cash Flow

Cash Flow Current cash flows come from the capital raised in the offering and small outflows for listing, legal, and management costs. There is no cash generated from customers or operations, because there is no operating business yet. In practical terms, cash is being preserved in a trust account while modest overhead continues in the background. The big swing in cash flows will occur only when a merger is executed, as funds are deployed, some shareholders may redeem, and a new operating business’s cash profile replaces the SPAC’s minimal activity.

Competitive Edge

Competitive Edge FERA does not compete like a normal financial services firm; instead, it competes with other SPACs and with traditional IPO routes as a way for a private company to go public. Its main strengths are its leadership team’s experience and network in technology‑driven areas such as software, artificial intelligence, fintech, and blockchain, coupled with access to a sizeable pool of public capital. However, the SPAC market is crowded, and many vehicles chase a limited set of attractive targets. FERA’s real competitive position will ultimately be judged by whether it can secure a high‑quality merger candidate on favorable terms before its deadline, and that remains unknown today.

Innovation and R&D

Innovation and R&D FERA itself does not develop technology, products, or research; its role is purely financial and transactional. Any innovation story will come from the company it chooses to merge with. Management has signaled a focus on technology‑enabled businesses in areas like internet platforms, enterprise software, AI, fintech, and blockchain, which suggests they are aiming for a growth and innovation‑oriented target. The practical “innovation edge” here is the team’s sector knowledge and relationships, which may help them identify a promising tech business, but until a specific target is announced there is no concrete R&D or product base to evaluate.

Summary

FERA is an early‑stage SPAC: a pool of capital with a management team, but no operating business, revenue, or products of its own. Its current financial statements mostly reflect a clean shell with minor administrative costs and cash earmarked for a future transaction. The key drivers of future value are entirely ahead of it: identifying a merger partner, negotiating terms, and completing a deal within roughly two years of its offering. Strengths include an experienced team focused on technology sectors and the flexibility a SPAC can offer a private company. Risks include intense competition for quality tech targets, uncertainty about which business will be acquired, how that business will perform, and whether a deal will be completed on time. Any deeper analysis will need to wait until a specific merger candidate and transaction structure are publicly disclosed.