Morrison Foerster is advising SMT Holdings Limited (“Miotal”) in its merger with Fifth Era Acquisition Corp I (“FERA”). The transaction was announced on April 8, 2026 (Miotal, a Sovereign-Scale Strategic Metals Platform, to be Listed on Nasdaq through Merger with Fifth Era Acquisition Corp I)
Miotal is a strategic metals platform focused on the acquisition, holding and monetization of high-purity, technology-grade materials. It owns one of the largest known consolidated inventories of such strategic metals, capable of supporting multi-year, sovereign-scale supply across defense and advanced technology applications. Miotal’s strategic metals inventory is estimated to have a total value of approximately $35 billion based on prevailing market prices.
Upon closing, Miotal is expected to be publicly listed on Nasdaq.
Leading the deal teams on the transaction:
- Justin Salon, Capital Markets partner (Washington, D.C.) and Head of MoFo’s Global Capital Markets Practice
- Brandon C. Parris, M&A partner (San Francisco) and Co-Chari of the MoFo’s Global Transaction Department
The full MoFo deal teams include:
- Capital Markets: Andrew Campbell (partner), Emily Beers (of counsel), Elizabeth McGuire (associate), Garrett Bosch (associate) – Washington D.C.; Carolina Bernal-Ramirez (associate), Devansi Reshamwala (associate) – New York
- M&A: Omar Pringle (partner, New York), Shiri Shenhav (partner, Palo Alto), Samantha Rose (associate, San Francisco), Hanna Balcha (associate, New York)
- National Security: Nathanael Kurcab (partner), Patrick McDonnell (associate) – Washington D.C.
- Tax: Richard Nugent (partner), Seth Stowe (associate) – New York
- Antitrust: Megan Gerking (partner), Aaron Heath Scheinman (associate) – Washington D.C.
- Exec. Comp. & Benefits: Crescent Chasteen (partner, Boston), Andre Silva Amorm (partner, New York)
- Litigation: Caitlyn Johnson (associate, Washington D.C.)
- ECVC: Hanna Balcha and Lovinia Consunji (associates, New York), Kristen Cuetos (associate, New York)