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Fortune Rise Acquisition Corporation Receives July Monthly Extension From Sponsor Affiliate to Complete Its Initial Business Combination

Fortune Rise Acquisition Corporation Receives July Monthly Extension From Sponsor Affiliate to Complete Its Initial Business Combination

Fortune Rise Acquisition Corporation收到贊助方附屬公司7月份的延期,以完成其最初的業務組合。
Accesswire ·  07/08 08:00

CLEARWATER, FL / ACCESSWIRE / July 8, 2024 / Fortune Rise Acquisition Corporation (Nasdaq:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.032 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination. This additional contribution extends the date by which the Company has to complete its initial business combination for an additional one-month extension from July 5, 2024 to August 5, 2024. The extension is the ninth of the twelve one-month extensions permitted under the Company's governing documents, as amended in October 2023.

2024年7月8日,納斯達克上市公司財富崛起收購公司(Fortune Rise Acquisition Corporation)(簡稱“FRLA”或者“公司”)今天宣佈,OriginClear,Inc.(場外交易:其他:OCLN)的全資子公司Water On Demand Inc.(擁有贊助人財富崛起贊助公司LLC)已將所需的10萬美元(代表每股公共股份的額外0.032美元)存入公司爲其尊貴的公共股東設立的信託帳戶,爲完成公司的首次業務組合提供了一個月的延期。該額外貢獻將公司完成首次業務組合的期限延長一個月,即從2024年7月5日延長至2024年8月5日。這是公司管理文件自2023年10月修改以來允許的12個一個月延期中的第九個延期。

Such contribution effectively increases the pro rata portion of the funds available in the Company's trust account in the event of the consummation of an initial business combination, liquidation, or other redemption event, by $0.032 per share. The contribution was funded as a non-interest bearing loan that will either be paid upon earlier of consummation of an initial business combination or the Company's liquidation.

這一貢獻有效地將每股公共股票可用資金在完成首次業務組合、清算或其他贖回事件時的按比例部分增加了0.032美元/股。此次貢獻是以無息貸款形式提供資金的,該貸款將在完成初始業務組合或公司的清算時支付。

Ryan Spick, CFO of FRLA, stated, "OriginClear's subsidiary, Water On Demand, Inc., which owns the Sponsor, has made the required deposit for the benefit of the stockholders of Fortune Rise Acquisition Corporation which provides a one-month extension to complete our initial business combination. These funds provide for an additional one-month extension which gives us additional time to advance our business combination efforts. Once the business combination is complete, we remain committed to building the next great technology company and generating significant shareholder value."

FRLA的首席財務官Ryan Spick表示:“OriginClear的子公司Water On Demand, Inc.,擁有贊助商的財產,已爲Fortune Rise Acquisition Corporation的股東提供所需的存款,從而爲我們的首次業務組合提供了一個月的延期。這些資金提供了一個額外的月份延期,使我們有更多的時間推進我們的業務組合工作。一旦業務組合完成,我們將繼續致力於建立下一個偉大的技術公司併爲股東創造顯著的價值。

About Fortune Rise Acquisition Corporation

關於Fortune Rise Acquisition Corporation

FRLA is a blank check company incorporated in February 2021 as a Delaware corporation formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

FRLA是一家空白支票公司,於2021年2月在特拉華州組建,旨在完成與一家或多家企業的合併、股票交換、資產收購、股票購買、重組或類似的業務組合。因爲FRLA沒有經營和幾乎僅由現金組成的資產,所以它被定義爲《1934年證券交易法》下的“空殼公司”。在完成其首次業務組合之前,FRLA不會產生任何營業收入,最早時間將在完成其首次業務組合之後產生。到目前爲止,FRLA的工作僅限於組織活動、首次公開募股以及尋找潛在的業務組合目標。

FRLA is a "shell company" as defined under the Exchange Act of 1934, as amended, because it has no operations and nominal assets consisting almost entirely of cash. FRLA will not generate any operating revenues until after the completion of its initial business combination, at the earliest. To date, FRLA's efforts have been limited to organizational activities and activities related to its initial public offering as well as the search for a prospective business combination target.

FRLA是根據1934年修訂的《交易所法案》定義的“空殼公司”,因爲它沒有運營,並且資產名義上幾乎全部爲現金。在最早進行首次業務組合之後,FRLA將不會產生任何營業收入。迄今爲止,FRLA的努力僅限於組織活動以及與其首次公開發行以及尋找潛在的業務組合目標有關的活動。

No Offer or Solicitation

無要約或徵集

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

此通訊不構成出售的要約或出售證券的請求,也不構成出售證券的任何要約或請求,也不應在任何此類要約或請求依據未經在任何此類司法管轄區註冊或合格的證券法規下進行註冊或合格的任何此類司法管轄區進行出售。

Safe Harbor Statement

Safe Harbor聲明

Matters discussed in this release contain forward-looking statements. When used in this release, the words "anticipate," "believe," "estimate," "may," "intend," "expect," "plans" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein.

在本次與此相關的討論中包含了一些前瞻性聲明。當本次通訊中使用了“預計”、“相信”、“估計”、“可能”、“意圖”、“期望”、“計劃”和類似的表達方式時,實際結果、表現或成果可能與此有所不同,這些表達方式可以識別出此類前瞻性聲明。

These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable law.

這些前瞻性聲明在很大程度上基於公司的預期,並且受到一些風險和不確定因素的影響。如需了解有關公司風險因素的更多信息,請參閱公司提交給證券交易委員會的季度和年度報告。除遵守適用法律法規的規定外,公司不承擔任何修訂或公開更新任何前瞻性聲明的義務。

Contact Information:

聯繫方式:

Fortune Rise Acquisition Corporation
Ryan Spick
spickryan@gmail.com

Fortune Rise Acquisition Corporation
Ryan Spick
spickryan@gmail.com

SOURCE: Fortune Rise Acquisition Corporation

來源:Fortune Rise Acquisition Corporation


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