Fortune Rise Acquisition Corp. Class A (FRLA) has provided an update.
Fortune Rise Acquisition Corporation has secured an additional month to finalize its initial business combination, thanks to a $100,000 Extension Payment made to its trust account on August 5, 2024. This payment allows the extension to September 5, 2024, and comes as the tenth permitted monthly extension outlined in the company’s October 2023 amended documents. In exchange, the company issued a promissory note to Water On Demand, Inc., which has the option to convert the note into company shares. The press release regarding this transaction asserts no materiality and complements fuller details available in the company’s SEC filings.
For detailed information about FRLA stock, go to TipRanks’ Stock Analysis page.
