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Fortune Rise Acquisition Corp. Class A (FRLA) has shared an announcement.
Fortune Rise Acquisition Corporation has secured an additional month, until April 5, 2024, to finalize its initial business combination by depositing $100,000 for the benefit of public shareholders. This extension, facilitated by an unsecured, interest-free promissory note to Water On Demand, Inc., offers the option to convert the note into shares of the company. The company publicized this development in a press release, emphasizing that it is not indicative of the materiality of information and is subject to the fuller context of the company’s public filings and disclosures.
For detailed information about FRLA stock, go to TipRanks’ Stock Analysis page.
