Fortune Rise Acquisition Corp. Class A ( (FRLA) ) has shared an announcement.
Fortune Rise Acquisition Corporation has secured an eleventh one-month extension to complete its initial business combination, thanks to a $100,000 deposit from its sponsor’s owner, Water On Demand Inc. This deposit increases the trust account funds available to shareholders and must be repaid upon the business’s combination or the company’s liquidation. The extension, now running until October 5, 2024, provides Fortune Rise with more time to realize its goal of becoming a pivotal technology company and enhancing shareholder value.
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