Fortune Rise Acquisition in a proxy filing said it will ask shareholders next month to vote on a deadline extension that would give the SPAC until November to complete a deal. No other business is scheduled, according to the proxy.
Fortune Rise in January signed a letter of intent for a potential merger with Water on Demand.
The SPAC last summer called off a $294 million deal with crypto miner VCV Digital Technology. The SPAC raised $85 million in a November 2021 IPO. Read more.
