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Fortune Rise Acquisition Corp.

Fortune Rise Acquisition Corp.

FRLAW
Fortune Rise Acquisition Corp.US flagNASDAQ Global Market
0.00
USD
-0.01
- -
36.81MMarket Cap
Fortune Rise Acquisition Corp.
FRLAW
(NASDAQ Global Market)

Recent

price

0.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
TTM
FRC
- -
- -
- -
- -
Revenue per Share
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
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
- -
- -
- -

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
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
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Business
Fortune Rise Acquisition Corporation (FRLAW) operates as a blank check company whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Incorporated in February 2021 as a Delaware corporation and headquartered at 13575 58th Street North, Suite 200, Clearwater, Florida 33760, the company has no significant ongoing operations or products beyond its pursuit of an initial business combination. It previously listed units (FRLAU), Class A common stock (FRLA) and warrants (FRLAW) on the Nasdaq Stock Market LLC. In October 2023, the company entered into a Business Combination Agreement with Water On Demand, Inc. (formerly Water Treatment), a subsidiary of OriginClear, Inc., under which Water On Demand would have become a wholly-owned subsidiary and the combined entity renamed Water on Demand, Inc.; multiple charter amendments extended the transaction deadline to May 5, 2025, while the sponsor facilitated an equity acquisition of Fortune Rise Sponsor, LLC. However, on December 9, 2024, the parties mutually terminated the agreement, prompting the company to forgo its December 5, 2024 extension deposit, cease operations on December 6, 2024 except for wind-up activities, redeem all remaining 843,183 public shares at approximately $11.94 per share from a $10.0 million trust account (retaining $50,000 for dissolution costs), and allow all warrants to expire worthless. The company now trades on OTC Pink markets and faces Nasdaq delisting proceedings initiated in April 2024 due to insufficient public holders.