AcquisitionsApr 9, 2026, 09:36 AM
Fifth Era Acquisition Corp I (FERA) Enters Definitive Business Combination Agreement with SMT Holdings Limited
AI Summary
Fifth Era Acquisition Corp I (FERA) announced it has entered into a definitive Business Combination Agreement on April 7, 2026, with SMT Holdings Limited, Miotal SPAC HoldCo, Inc. (Holdco), and PENNY Merger Sub, Inc. The agreement outlines a transaction where Merger Sub will merge into FERA, resulting in FERA becoming a wholly-owned subsidiary of Holdco. This strategic move will convert all outstanding FERA Class A and Class B ordinary shares into Holdco Ordinary Shares, marking a significant step towards FERA completing its initial business combination. The boards of directors of both FERA and SMT Holdings Limited have unanimously approved the transaction.
Key Highlights
- Fifth Era Acquisition Corp I (FERA) signed a Business Combination Agreement on April 7, 2026.
- The agreement involves FERA, Miotal SPAC HoldCo, Inc. (Holdco), PENNY Merger Sub, Inc., and SMT Holdings Limited (the Company).
- The transaction structure includes Merger Sub merging with and into FERA, with FERA surviving as a wholly-owned, direct subsidiary of Holdco.
- Each FERA Class A and Class B ordinary share will be converted into the right to receive one ordinary share of Holdco.
- The Business Combination Agreement and the contemplated transactions were approved by the boards of directors of both FERA and SMT Holdings Limited.