Appleby advised SMT Holdings Ltd., known as Miotal, on its agreement to merge with Fifth Era Acquisition Corp I, a Nasdaq-listed special purpose acquisition company, the firm said.
The companies have entered into a definitive business combination agreement that, if completed, will result in Miotal becoming a publicly listed company on Nasdaq under its own name.
Miotal operates as a strategic metals platform focused on acquiring and managing high-purity materials used in industries such as defense, semiconductors, energy and healthcare. The company holds inventory including ultrafine copper powder, ultrafine nickel wire and rare earth metals, according to the statement.
Appleby provided Cayman Islands legal advice on the transaction. The firm’s corporate team was led by partner Dean Bennett, with support from counsel Marsha Williamson, senior associate Andrew Barr and associate Jared Awe.
The transaction is subject to customary closing conditions.
