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The latest announcement is out from Fortune Rise Acquisition Corp. Class A ( (FRLA) ).
Fortune Rise Acquisition Corporation has extended the deadline for its initial business combination by one month, thanks to a $50,590.98 contribution from Water On Demand Inc., the sponsor’s owner. This extension, the first of six potential monthly extensions, increases the trust account funds available by $0.06 per share, offering more time to secure a promising merger. FRLA, a shell company, is focused on finding a suitable business target, aiming to drive significant shareholder value post-combination.
See more data about FRLA stock on TipRanks’ Stock Analysis page.