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AI brief of an SEC Form 8-K · Fifth Era Acquisition Corp I (FERA)

Fifth Era (FERA) signs $10 billion merger deal with metals firm Miotal

Neutral Impact 5 of 5 m&a Written later

On April 7, 2026, Fifth Era Acquisition Corp I (FERA), a special purpose acquisition company, agreed to combine with SMT Holdings Limited, which operates as Miotal, a holder of high-purity strategic metals. Miotal's shares are to be exchanged for Holdco ordinary shares valued at $10 billion, and FERA's Class A and Class B shares are to convert one-for-one into Holdco shares. The filing does not include revenue, profit or earnings figures for Miotal, and closing depends on FERA shareholder approval, a registration statement and Nasdaq listing approval.

Key points

  • Business Combination Agreement dated April 7, 2026, with Miotal SPAC HoldCo, Inc., PENNY Merger Sub, Inc. and SMT Holdings Limited
  • Miotal shares to be exchanged for Holdco shares valued at $10 billion, with each Holdco share valued at $10.00
  • Miotal estimates its metals stockpile at about $35 billion at prevailing market prices, which it says may vary substantially
  • Closing expected in the first half of 2026; sponsor must cover or reduce shares if PENNY Transaction Costs exceed $15,000,000

The filing

CompanyFifth Era Acquisition Corp I (FERA)
Form8-K, current report
Filed with the SECApr 9, 2026, 9:30 AM ET
Accession number0001213900-26-041771

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 09, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.