Fifth Era Stock Little Changed as Traders Watch $10 Billion Metals Deal
Fifth Era Acquisition Corp I was flat in quiet Nasdaq trade Wednesday, with shares near the cash amount investors could get if its merger deal with strategic metals firm Miotal falls apart. That’s what’s happening with the stock lately. FERA isn’t trading like a regular operating company. It’s moving more like a SPAC, or special purpose acquisition company. In other words, a shell from an IPO out to merge with a private firm.