Fortune Rise Acquisition Corp. Class A (FRLA) has released an update to notify the public and investors about an entry into a material definitive agreement.
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Fortune Rise Acquisition Corporation (FRLA) has amended its original Business Combination Agreement with Water on Demand, Inc., by removing the clause that mandated FRLA to maintain a minimum of $5,000,001 in net tangible assets post-merger. This adjustment, alongside revisions to the Company Disclosure Schedules, marks an important update for stakeholders tracking this corporate alliance.
For further insights into FRLA stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
