FERAU

Fifth Era Acquisition Corp I units are securities that combine shares of common stock with rights or warrants into a single tradable instrument. Each unit typically includes one share of common stock and a fraction of a right or warrant to purchase additional shares. Units are commonly issued by SPACs during their initial public offering and may later separate into their constituent components for independent trading. The structure allows investors to participate in the SPAC's potential upside through both equity ownership and derivative securities. Unit holders benefit from the combined value of the underlying components until separation occurs, at which point they can trade the common stock and rights or warrants separately.