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Fortune Rise Acquisition Corporation Units - $FRLAU STOCK NEWS

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OriginClear, Inc. (OCLN) announces its participation in The 14th Annual LD Micro Invitational to present its crowdfunding campaign for Water On Demand™, offering accredited investors equity positions in both OriginClear and the subsidiary. The company aims to revolutionize water capital funding, highlighting a Business Combination with Fortune Rise Acquisition (NASDAQ-FRLA) and emphasizing the importance of water conservation.
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OriginClear, Inc. (OTC: OCLN) announced a strategic partnership with Kevin Harrington to promote its crowdfunding campaign. The company aims to address global water scarcity issues with its disruptive water technology platform. Investors can reserve a position in the campaign and support OriginClear's innovative solutions.
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OriginClear, Inc. (OCLN) and Fortune Rise Acquisition Corporation (FRLA) announce a proposed business combination with OCLN subsidiary Water On Demand, offering decentralized water management solutions without upfront capital expenditures.
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Fortune Rise Acquisition Corporation and OriginClear Inc. have entered into a definitive business combination agreement. The transaction represents a pro forma equity valuation of approximately $72 million of the Combined Company. The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program.
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Fortune Rise Acquisition Corporation and OriginClear Inc. have agreed to nominate Progressive Water Treatment Inc. as the new target for acquisition. Progressive Water Treatment has shown increased revenue since 2021, creating compelling value for the intended merger. The parties will work towards definitive agreements, with FRLA proposing to acquire 100% of PWT's outstanding equity securities. The newly-combined entity anticipates trading publicly on Nasdaq under a new trading symbol.
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OriginClear Inc. consolidates subsidiaries to create better enterprise value for potential merger with Fortune Rise Acquisition Corporation. Combined revenues for 2022 were $10,376,573, a 250% increase from 2021. Gross profits also saw a similar increase. OriginClear retains a commanding percentage of the new combined company.
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OriginClear Inc.'s subsidiary, Water On Demand, has entered into a memorandum of understanding to acquire an established SaaS Developer. The acquisition will help build an end-to-end water service network, allowing businesses to outsource their wastewater treatment and water transportation needs. Talks are in an early stage and may not succeed.
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Fortune Rise Acquisition Corporation Units

OTC:FRLAU

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2.77M
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Financial Services
United States of America
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