"Original Shark" Kevin Harrington Brings His Star Power to OriginClear Crowdfunding Campaign
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Insights
OriginClear's partnership with Kevin Harrington is an interesting move to garner attention for their crowdfunding campaign. Harrington's celebrity status could potentially increase visibility and attract investors. However, the effectiveness of celebrity endorsements in crowdfunding is variable and depends on the alignment between the endorser's image and the company's mission.
Water On Demand™, as described, seems to offer a comprehensive approach to water treatment and recycling, integrating financing and technology. This could address a significant gap in the market, given the increasing stress on water resources globally. The 'pod' technology could allow for scalability and adaptability in various industrial and agricultural settings.
The merger with Fortune Rise Acquisition Corporation (FRLA) indicates a strategic move towards rapid growth, using the SPAC route to go public. It's important to note that SPACs have been under increased scrutiny due to concerns over inflated valuations and regulatory oversight. Investors should be cautious and consider the long-term viability and operational capabilities of OriginClear beyond the initial hype.
OriginClear's majority ownership in Water On Demand, Inc. (WODI) could be significant for investors, particularly with the announcement of a Business Combination with Fortune Rise Acquisition Corporation (NASDAQ-FRLA). This move may streamline the process of going public, potentially providing liquidity and capital for expansion.
However, the nature of FRLA as a 'shell company' with no operations and nominal assets consisting almost entirely of cash poses risks. The lack of operating revenues until after the completion of a business combination means that the investment is speculative and based on the future performance of the merged entity.
Investors should perform due diligence on OriginClear's financials, the specifics of the 'pod' technology and the projected growth trajectory post-merger. While the water sector presents a significant growth opportunity, the success of such ventures often hinges on technology adoption, market penetration and competitive landscape.
The water treatment and recycling industry is becoming increasingly important as water scarcity issues intensify. OriginClear's focus on industry and agriculture as primary customers for water treatment is strategically sound, given these sectors' substantial water usage and pollution contributions.
Investments in water technology platforms like OriginClear could be seen as impact investments, which aim to generate social and environmental benefits alongside financial returns. The long-term potential for wealth creation in the water sector is significant, but it requires careful consideration of sustainability factors, regulatory compliance and the adoption rate of new technologies.
Investors interested in sustainability should evaluate OriginClear's environmental impact, the efficacy of its water treatment solutions and the company's alignment with global water conservation goals. While the prospect of contributing to a solution for water scarcity is appealing, it is essential to balance this with a realistic assessment of the company's capacity to deliver on its promises and generate returns.
Everyday investors can now reserve a position in a highly disruptive water technology platform
"Water is our most precious commodity and yet in many places, we could run out of water in just 25 years. I'm excited to be helping to roll out a real solution, which puts the responsibility on industry and agriculture for cleaning the water they use. They win, and the rest of us get better and more abundant water while averting this disaster. Water has the unique distinction of being both the world's most vital asset and in my view, holds the potential to become the largest wealth creation opportunity of our lifetime.” Kevin Harrington (Graphic: OriginClear)
“Water is our most precious commodity and yet in many places, we could run out of water in just 25 years,” said Kevin Harrington, a key addition to OriginClear's Board of Advisors. “I'm excited to be helping to roll out a real solution, which puts the responsibility on industry and agriculture for cleaning the water they use. They win, and the rest of us get better and more abundant water while averting this disaster.”
Harrington added, “OriginClear has built Water On Demand™, a disruptive water business, which provides end to end solutions and financing for water projects. OriginClear’s subsidiary Water On Demand, Inc. (WODI) combines project financing, a veteran engineering company, and downsized ‘pod’ technology, all to serve the new breed of treat-in-place commercial water recycling and treatment systems. Investors can benefit from OriginClear’s current majority ownership in WODI, while also helping to build future world class companies. Water has the unique distinction of being both the world's most vital asset and in my view, holds the potential to become the largest wealth creation opportunity of our lifetime.”
In October of 2023, WODI announced the signing of a Business Combination with Fortune Rise Acquisition Corporation (NASDAQ-FRLA) which contemplates the merger of WODI with and into FRLA.
FRLA is a blank check company incorporated in February 2021 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 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.
About OriginClear
Once a government monopoly, the business of treating and reusing sewage water is going private. Local industries and communities are now treating-in-place, enabling large-scale recycling while also responding to the challenge of water scarcity and climate change. OriginClear’s approach is dramatically simple: support that new trend and open the door to everyday investors. Get live weekly updates every Thursday by signing up at www.originclear.com/ceo.
Potential investors who are interested in investing in OriginClear can learn more at https://offer.originclear.com/reserve and can make a non-binding indication of interest and register to receive updates.
ORIGINCLEAR IS “TESTING THE WATERS” UNDER REGULATION A OF THE SECURITIES ACT OF 1933. THIS PROCESS ALLOWS COMPANIES TO DETERMINE WHETHER THERE MAY BE INTEREST IN AN EVENTUAL OFFERING OF ITS SECURITIES. ORIGINCLEAR IS NOT UNDER ANY OBLIGATION TO MAKE AN OFFERING UNDER REGULATION A. IT MAY CHOOSE TO MAKE AN OFFERING TO SOME, BUT NOT ALL, INVESTORS INTERESTED IN INVESTING, AND THAT OFFERING MAY NOT BE MADE UNDER REGULATION A. IF THE COMPANY DOES PROCEED WITH AN OFFERING, IT CAN ONLY DO SO AFTER IT HAS FILED AN OFFERING STATEMENT WITH THE
NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED.
NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT FILED BY ORIGINCLEAR WITH THE SEC HAS BEEN QUALIFIED BY THE SEC. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME BEFORE NOTICE OF ACCEPTANCE GIVEN AFTER THE DATE OF QUALIFICATION.
AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND.
For more information, visit the company’s website: https://www.originclear.com/
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240402638417/en/
Media and Investor Relations
M Public Relations
Ann Pedersen (402) 547-6001
ann@mpublicrelations.com
www.mpublicrelations.com
Source: OriginClear, Inc.
FAQ
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