FORTUNE RISE ACQ CORP UTS - FRLAU STOCK NEWS

Welcome to our dedicated page for FORTUNE RISE ACQ UTS news (Ticker: FRLAU), a resource for investors and traders seeking the latest updates and insights on FORTUNE RISE ACQ UTS stock.

Fortune Rise Acquisition Corp (FRLAU) is a blank check company that aims to acquire a target business in healthcare, technology, or consumer sectors. With a focus on identifying companies with strong growth potential, Fortune Rise is poised to create value for its shareholders through strategic acquisitions. The company's management team brings a wealth of experience in finance and deal-making, positioning Fortune Rise for success in the competitive investment landscape.

12/16/2024 09:00 AM

News

Fortune Rise Acquisition Corporation Announces Termination of Business Combination Agreement with Water On Demand, Inc. and Subsequent Liquidation

Rhea-AI Summary

Fortune Rise Acquisition (FRLA) announced the termination of its Business Combination Agreement with Water On Demand, Inc. and its subsequent liquidation. The mutual termination was executed on December 9, 2024. As FRLA did not make the required monthly extension deposit on December 5, 2024, the company will cease operations and proceed with liquidation.

The company will redeem 100% of its Offering Shares at approximately $11.94 per share, with the trust account balance at approximately $10.0 million as of December 11, 2024. FRLA will retain $50,000 for dissolution expenses. The company has 843,183 remaining public shares. All warrants will expire worthless, and FRLA ceased operations on December 6, 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

04/04/2024 04:00 PM

News

OriginClear to Present at LD Micro Invitational XIV in New York

Rhea-AI Summary

OriginClear, Inc. (OCLN) announces its participation in The 14th Annual LD Micro Invitational to present its crowdfunding campaign for Water On Demand™, offering accredited investors equity positions in both OriginClear and the subsidiary. The company aims to revolutionize water capital funding, highlighting a Business Combination with Fortune Rise Acquisition (NASDAQ-FRLA) and emphasizing the importance of water conservation.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

04/02/2024 04:00 PM

News

"Original Shark" Kevin Harrington Brings His Star Power to OriginClear Crowdfunding Campaign

Rhea-AI Summary

OriginClear, Inc. (OTC: OCLN) announced a strategic partnership with Kevin Harrington to promote its crowdfunding campaign. The company aims to address global water scarcity issues with its disruptive water technology platform. Investors can reserve a position in the campaign and support OriginClear's innovative solutions.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

02/15/2024 08:30 AM

News

OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Seek to Combine under Form S-4 Registration Statement

Rhea-AI Summary

OriginClear, Inc. (OCLN) and Fortune Rise Acquisition Corporation (FRLA) announce a proposed business combination with OCLN subsidiary Water On Demand, offering decentralized water management solutions without upfront capital expenditures.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

10/24/2023 04:00 PM

News

OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Announce Business Combination to Create Nasdaq-Listed Company

Rhea-AI Summary

Fortune Rise Acquisition Corporation and OriginClear Inc. have entered into a definitive business combination agreement. The transaction represents a pro forma equity valuation of approximately $72 million of the Combined Company. The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

09/28/2023 08:30 AM

News

In Amended Letter Of Intent, OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Nominate A New Target For Merger

Rhea-AI Summary

Fortune Rise Acquisition Corporation and OriginClear Inc. have agreed to nominate Progressive Water Treatment Inc. as the new target for acquisition. Progressive Water Treatment has shown increased revenue since 2021, creating compelling value for the intended merger. The parties will work towards definitive agreements, with FRLA proposing to acquire 100% of PWT's outstanding equity securities. The newly-combined entity anticipates trading publicly on Nasdaq under a new trading symbol.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

09/26/2023 08:30 AM

News

OriginClear Merges Its Water On Demand and Progressive Water Treatment Subsidiaries

Rhea-AI Summary

OriginClear Inc. consolidates subsidiaries to create better enterprise value for potential merger with Fortune Rise Acquisition Corporation. Combined revenues for 2022 were $10,376,573, a 250% increase from 2021. Gross profits also saw a similar increase. OriginClear retains a commanding percentage of the new combined company.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

05/22/2023 04:30 PM

News

OriginClear’s Subsidiary Water On Demand Signs MOU Regarding Acquisition of Established SaaS Developer

Rhea-AI Summary

OriginClear Inc.'s subsidiary, Water On Demand, has entered into a memorandum of understanding to acquire an established SaaS Developer. The acquisition will help build an end-to-end water service network, allowing businesses to outsource their wastewater treatment and water transportation needs. Talks are in an early stage and may not succeed.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

05/16/2023 08:30 AM

News

OriginClear Presents Acquisition Roadmap for Water On Demand

Rhea-AI Summary

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-0.28%

Tags

04/18/2023 05:20 PM

News

OriginClear Contributes Modular Water Systems Division to its Water On Demand Subsidiary

Rhea-AI Summary

OriginClear Inc. (OTC Pink: OCLN) has merged its Modular Water Systems division with its subsidiary, Water On Demand, Inc. (WOD). In exchange for Modular Water's assets, WOD issued 6 million shares of its common stock. The assets include a global master license for five patents valued between $26.6 million and $53.2 million. The projected total available market for WOD is expected to exceed $8 billion by 2026. The merger aims to create a synergy that positions WOD to lead in the water managed services sector.

Additionally, WOD has entered a non-binding Letter of Intent with Fortune Rise Acquisition Corporation (FRLA) for a potential acquisition, which could result in a new publicly traded entity on Nasdaq.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-- %

Tags

FAQ

What is the current stock price of FORTUNE RISE ACQ UTS (FRLAU)?

The current stock price of FORTUNE RISE ACQ UTS (FRLAU) is $11.69 as of December 16, 2024.

What is Fortune Rise Acquisition Corp?

Fortune Rise Acquisition Corp (FRLAU) is a blank check company that seeks to acquire a target business in healthcare, technology, or consumer sectors.

What is the focus of Fortune Rise Acquisition Corp?

Fortune Rise Acquisition Corp focuses on identifying and acquiring companies with strong growth potential to create value for its shareholders.

What sectors does Fortune Rise Acquisition Corp target?

Fortune Rise Acquisition Corp targets businesses in the healthcare, technology, and consumer sectors for potential acquisitions.

What expertise does the management team of Fortune Rise Acquisition Corp bring?

The management team of Fortune Rise Acquisition Corp has extensive experience in finance and deal-making, positioning the company for success in acquiring target businesses.

How does Fortune Rise Acquisition Corp create value for shareholders?

Fortune Rise Acquisition Corp aims to create value for its shareholders through strategic acquisitions of companies with strong growth potential.

What is the investment strategy of Fortune Rise Acquisition Corp?

Fortune Rise Acquisition Corp follows an investment strategy focused on identifying and acquiring target businesses in sectors with growth opportunities.

What sets Fortune Rise Acquisition Corp apart from other blank check companies?

Fortune Rise Acquisition Corp distinguishes itself by its focus on sectors like healthcare, technology, and consumer industries for potential acquisitions.

How does Fortune Rise Acquisition Corp approach acquisitions?

Fortune Rise Acquisition Corp approaches acquisitions strategically, aiming to identify companies with strong growth potential and value creation opportunities.

What is the vision of Fortune Rise Acquisition Corp for the future?

Fortune Rise Acquisition Corp's vision is to acquire a target business that can deliver value and growth opportunities for its shareholders.

How can investors benefit from Fortune Rise Acquisition Corp?

Investors can benefit from Fortune Rise Acquisition Corp by participating in the company's potential acquisitions and growth initiatives in target sectors.