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Fortune Rise Acquisition Corp. Class A (FRLA) has issued an update.
Fortune Rise Acquisition Corporation has bought itself an additional month to finalize its initial business combination by depositing $100,000, allowing the extension until June 5, 2024. As part of the arrangement, the company issued a promissory note to Water On Demand, Inc., which can convert this note into shares of the company. The announcement of this strategic move was made through a press release, ensuring shareholders are aware of the extension and the company’s ongoing efforts to secure a successful business combination.
See more insights into FRLA stock on TipRanks’ Stock Analysis page.
