SCHEDULE 13G: Tenor Capital and Affiliates Disclose 7.3% Stake in Fifth Era Acquisition Corp I

Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah have jointly filed a Schedule 13G, revealing a 7.3% beneficial ownership in Fifth Era Acquisition Corp I's Class A ordinary shares.

Summary

• The filing identifies Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah as the reporting persons.
• The issuer is Fifth Era Acquisition Corp I, a special purpose acquisition company (SPAC).
• The securities in question are Class A ordinary shares, par value $0.0001 per share, with CUSIP G3415K127.
• Each reporting person beneficially owns 1,500,000 Class A ordinary shares, which represents 7.3% of the class.
• The shares are held in the form of units by Tenor Opportunity Master Fund, Ltd., with each unit consisting of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share.
• Tenor Capital Management Company, L.P. serves as the investment manager to Tenor Opportunity Master Fund, Ltd., and Robin Shah is the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital.
• By virtue of these relationships, the reporting persons are deemed to have shared voting and dispositive power over the 1,500,000 shares.
• The percentage of ownership is calculated based on 20,600,000 Units issued and outstanding, as stated in the Issuer's Prospectus filed on February 28, 2025.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no direct positive or negative sentiment regarding the issuer's operational or financial performance.

Risks

• The reporting persons disclaim beneficial ownership of the shares reported, except to the extent of their pecuniary interest therein, and state that the report shall not be deemed an admission of beneficial ownership for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Future Outlook

NA

Industry Context

This filing is a standard disclosure for a significant ownership stake in a Special Purpose Acquisition Company (SPAC). Investment funds frequently take positions in SPACs, and this filing indicates a notable investment by Tenor Capital and its affiliates in Fifth Era Acquisition Corp I.

Related Party Transactions

• The document details the relationship between the reporting persons: Tenor Capital Management Company, L.P. is the investment manager to Tenor Opportunity Master Fund, Ltd., and Robin Shah is the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital. They are acting as a group with shared voting and dispositive power over the reported shares.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, which can influence market perception and trading activity.

Key Dates

Keywords

Fifth Era Acquisition Corp I, Tenor Capital Management Company, Tenor Opportunity Master Fund, Robin Shah, Schedule 13G, Beneficial Ownership, Class A Ordinary Share, SPAC, Investment Fund