UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-42539 FIFTH ERA ACQUISITION CORP I Securities registered pursuant to Section 12(b) of the Act: | | | Name of each exchange ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-42539 FIFTH ERA ACQUISITION CORP I (Exact name of registrant as specified in its charter) | Cayman Islands | 36-5108801 | | --- ...

Financial Performance - The company reported a net income of $621,591 for the three months ended March 31, 2025, primarily from interest income of $740,877 on marketable securities[111]. - Cash used in operating activities for the three months ended March 31, 2025, was $415,611, with net income affected by interest earned and operational costs[115]. - The company incurred fees of $16,071 for office space and administrative support services during the three months ended March 31, 2025[121]. Initial Public Offering (IPO) - The Initial Public Offering (IPO) generated gross proceeds of $230,000,000 from the sale of 23,000,000 Units at $10.00 per Unit, including an over-allotment option[113]. - The underwriters received a cash underwriting discount of $4,000,000, which is 2.0% of the gross proceeds from the IPO[122]. Marketable Securities - As of March 31, 2025, the company held marketable securities in the Trust Account totaling $230,740,877, which includes approximately $740,877 of interest income[116]. Business Combination - The company intends to use substantially all funds in the Trust Account to complete its Business Combination[116]. - The company may need to obtain additional financing to complete its Business Combination or due to potential redemptions of Public Shares[119]. - The SEC's 2024 SPAC Rules may materially affect the company's ability to negotiate and complete its initial Business Combination[109]. Debt and Financing - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025[120].