Fifth Era Acquisition Corp I (NASDAQ:FERA) Posts Quarterly Earnings Results

Fifth Era Acquisition Corp I (NASDAQ:FERA) announced its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Fifth Era Acquisition Corp I Trading Up 0.4%

Shares of FERA opened at $10.34 on Thursday. The company’s fifty day simple moving average is $10.29. Fifth Era Acquisition Corp I has a 12 month low of $9.87 and a 12 month high of $10.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. bought a new stake in shares of Fifth Era Acquisition Corp I during the 4th quarter valued at about $104,000. Virtu Financial LLC purchased a new position in shares of Fifth Era Acquisition Corp I in the fourth quarter worth approximately $447,000. Radcliffe Capital Management L.P. grew its position in Fifth Era Acquisition Corp I by 22.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock valued at $4,161,000 after buying an additional 75,201 shares during the period. Rivernorth Capital Management LLC increased its holdings in Fifth Era Acquisition Corp I by 34.4% during the fourth quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after buying an additional 102,372 shares during the last quarter. Finally, Glazer Capital LLC increased its holdings in Fifth Era Acquisition Corp I by 31.8% during the fourth quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock valued at $9,312,000 after buying an additional 218,282 shares during the last quarter.

About Fifth Era Acquisition Corp I

Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.

Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.