1. United States of America Stocks

  2. •

    Financial Services

  3. •

    Shell Companies
Fortune Rise Acquisition Corporation

Fortune Rise Acquisition Corporation

FRLA
Fortune Rise Acquisition CorporationUS flagOther OTC
11.20
USD
- -
- -
36.81MMarket Cap
Fortune Rise Acquisition Corporation
FRLA
(Other OTC)

Recent

price

11.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
TTM
FRC
- -
- -
- -
- -
Revenue per Share
- -
-0.02
-0.11
-0.34
Basic EPS, GAAP
- -
-0.22
-1.02
-0.35
Free Cash Flow per Basic Share
- -
- -
- -
- -
Dividend per Share
- -
31.27
8.29
6.02
Book Value per Share
- -
31.27
8.29
6.02
Tangible Book Value per Share
- -
3
3
4
Basic Weighted Avg Shares
- -
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
-1
Net Income, GAAP
- -
115.48
343.32
28.35
Effective Tax Rate (%)
- -
- -
- -
- -
Profit Margin (%)
1
-1
-6
-7
Working Capital
- -
- -
- -
- -
LT Debt
97
97
26
25
Total Equity
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
Return on Capital (%)
- -
-0.05
-0.57
-4.98
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
5
5
6
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
70
46
47

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
6
7
7
Payables & Accruals
1
1
1
ST Debt
5
5
6
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-73.48%
Free Cash Flow
- -
- -
362.49%
Net Income, GAAP
- -
- -
638.74%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.09
-0.06
0.06
- -
-0.02
2023
0.03
- -
0.01
- -
-0.11
2024
-0.08
-0.07
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
Similar Companies
European Sustainable Growth Acquisition Corp. (EUSGU)
Spindletop Health Acquisition Corp. (SHCAW)
Chenghe Acquisition Co. (CHEA)
Dynamix Corporation (DYNXU)
WinVest Acquisition Corp. (WINVW)
Northern Lights Acquisition Corp. (NLIT)
Business
Fortune Rise Acquisition Corporation Fortune Rise Acquisition Corporation (FRLA) is a blank check company, or special purpose acquisition company (SPAC), incorporated in Delaware and focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, particularly targeting sectors impacting critical infrastructure such as water technology. The company conducts no significant operations, generates no revenue and maintains nominal assets primarily consisting of cash held in trust from its initial public offering; its activities encompass organizational efforts, regulatory compliance, shareholder communications and the pursuit of a de-SPAC transaction. Founded on February 21, 2021, by Lei Huang, Yuan Mei Ma and Xianglin Li, Fortune Rise Acquisition Corporation is headquartered at 13575 58th Street North, Suite 200, Clearwater, Florida 33760, and trades on OTC Markets under the ticker FRLA. The company originally sought targets in high-growth areas but shifted focus under sponsor influence toward water management solutions provided by entities like Water On Demand Inc., a subsidiary of OriginClear Inc. In October 2023, it entered a definitive business combination agreement with Water On Demand Inc. (f/k/a Progressive Water Treatment Inc.) at a pro forma enterprise value of $72 million, securing multiple monthly trust account extensions from sponsor affiliates through November 2024 to meet the deadline, including a shift from Nasdaq to OTC trading amid delisting pressures; however, the parties mutually terminated the agreement on December 12, 2024, due to failure to consummate by the required timeline, triggering dissolution, cessation of operations except for wind-up activities and redemption of public shares at approximately $11.94 per share from a trust balance of about $10 million as of December 11, 2024, with liquidation distributions expected within ten business days thereafter.

Company News

APIChatGPT

  • accesswire.com

    Fortune Rise Acquisition Corporation Announces Termination of Business Combination Agreement with Water On Demand, Inc. and Subsequent Liquidation

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives November Monthly Extension from Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Announcement Regarding the Progress of Fortune Rise Acquisition Corporation's Proposed Business Combination with Water On Demand, Inc.

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives October Monthly Extension From Sponsor Affiliate to Complete Its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives September Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • globenewswire.com

    SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Fortune Rise Acquisition Corporation – FRLA

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives August Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives July Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives June Monthly Extension from Sponsor Affiliate to Complete Its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives May Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives April Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives March Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives February Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Names Director Ryan Spick as Principal Executive Officer and Chief Financial Officer

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives January Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives December Monthly Extension from Sponsor Affiliate to Complete Its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Receives November Monthly Extension From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Announces Sixth One-Month Extension Received from Sponsor Affiliate to Complete Its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Announces Fifth One-Month Extension Received From Sponsor Affiliate to Complete its Initial Business Combination

  • accesswire.com

    Fortune Rise Acquisition Corporation Announces Fourth One-Month Extension Received From Sponsor Affiliate to Complete Its Initial Business Combination