Welcome to our dedicated page for Fortune Rise news (Ticker: frlaw), a resource for investors and traders seeking the latest updates and insights on Fortune Rise stock.
Fortune Rise Acquisition Corporation (FRLAW) provides investors with centralized access to official news and regulatory updates regarding this Special Purpose Acquisition Company. This page aggregates all material developments related to FRLAW's operations, including filings related to its dissolution process following the termination of its proposed business combination.
Users will find verified updates on trust account distributions, corporate governance decisions, and compliance with SEC regulations. The resource serves investors requiring timely information about liquidation timelines and remaining corporate actions during the wind-down phase.
All content undergoes strict verification to ensure accuracy in reporting financial disclosures and procedural milestones. Bookmark this page for ongoing access to essential updates from FRLAW's management team and regulatory filings during the dissolution period.
Fortune Rise Acquisition (FRLA) announced the termination of its Business Combination Agreement with Water On Demand, Inc. and its subsequent liquidation. The mutual termination was executed on December 9, 2024. As FRLA did not make the required monthly extension deposit on December 5, 2024, the company will cease operations and proceed with liquidation.
The company will redeem 100% of its Offering Shares at approximately $11.94 per share, with the trust account balance at approximately $10.0 million as of December 11, 2024. FRLA will retain $50,000 for dissolution expenses. The company has 843,183 remaining public shares. All warrants will expire worthless, and FRLA ceased operations on December 6, 2024.
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