ADDED
As of September 30, 2025, the Company had not commenced any operations.
5 Following the closing of the Initial Public Offering, on March 3, 2025, an amount of $ 230,000,000 ($ 10.00 per Unit) from the net proceeds of the Initial Public Offering and the Private Placement, was placed in a trust account (the Trust Account ), with Continental Stock Transfer Trust Company ( Continental ) acting as trustee.
The funds in the Trust Account are initially invested in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act that invest only in direct U.S.
The amount in the Trust Account was valued at $ 10.24 per Public Share as of September 30, 2025.
The Company has only the duration of the Combination Period to complete the initial Business Combination.
Therefore, the Company cannot provide any assurance that the Sponsor will be able to satisfy those obligations.
Liquidity, Capital Resources, and Going Concern As of September 30, 2025, the Company had cash of $ 667,204 and a working capital deficit of $ 1,861,175 .
There can be no assurance that the Company s plans to raise capital or to consummate an initial Business Combination will be successful.
7 Note 2 Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ( GAAP ) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC.
The interim results for the (i) three and nine months ended September 30, 2025, (ii) three months ended September 30, 2024 and (iii) period from May 22, 2024 (inception) through September 30, 2024, are not necessarily indicative of the results to be expected for the year ending December 31, 2025, or for any future periods.
REMOVED
As of June 30, 2025, the Company had not commenced any operations.
5 FIFTH ERA ACQUISITION CORP I NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2025 (Unaudited) Following the closing of the Initial Public Offering, on March 3, 2025, an amount of $ 230,000,000 ($ 10.00 per Unit) from the net proceeds of the Initial Public Offering and the Private Placement, was placed in the trust account (the Trust Account ), with Continental Stock Transfer Trust Company ( Continental ) acting as trustee, and are initially invested in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act that invest only in direct U.S.
The amount in the Trust Account is initially valued at $ 10.00 per Public Share.
The Company will have only the duration of the Combination Period to complete the initial Business Combination.
Therefore, the Company cannot assure that the Sponsor will be able to satisfy those obligations.
Liquidity, Capital Resources, and Going Concern As of June 30, 2025, the Company had cash of $ 850,918 and a working capital deficit of $ 393,675 .
Management plans to consummate an initial Business Combination prior to the mandatory liquidation date.
The Company cannot assure its shareholders that its plans to raise capital or to consummate an initial Business Combination will be successful.
7 FIFTH ERA ACQUISITION CORP I NOTES TO CONDENSED FINANCIAL STATEMENTS JUNE 30, 2025 (Unaudited) Note 2 Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ( GAAP ) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC.
The interim results for the three and six months ended June 30, 2025, and for the period from May 22, 2024 (inception) through June 30, 2024, are not necessarily indicative of the results to be expected for the year ending December 31, 2025, or for any future periods.