Fortune Rise Acquisition announced that its merger partner Water On Demand deposited $100,000 (2.7 cents a share) into the company’s trust to extend the SPAC’s completion deadline to Sept. 5. This is the fourth of six monthly extensions available, terminating in November.
The SPAC has a merger agreement with Water on Demand, a subsidiary of OriginClear. Water on Demand owns the SPAC’s sponsor.
Fortune Rise last year called off a $294 million deal with crypto miner VCV Digital Technology. The SPAC raised $85 million in a November 2021 IPO. Read more.
