FERAR

Fifth Era Acquisition Corp I rights are derivative securities that entitle holders to purchase additional shares of common stock at a predetermined price upon completion of the SPAC's business combination. These rights were issued as part of the company's initial public offering structure and typically become exercisable following the merger with a target company. Rights provide existing shareholders with the opportunity to maintain or increase their ownership stake when the SPAC consummates its transaction. The exercise price and terms are specified in the company's prospectus and rights agreement. Rights may trade separately from the common stock and units, allowing investors to speculate on the SPAC's potential merger success.