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Announcements

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

CLEARWATER, FL / ACCESSWIRE / January 9, 2024 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA") today announced that Ryan Spick has recently moved from FRLA's Board to the role of Principal Executive Officer and Chief Financial Officer to execute on its proposed business combination with Water on Demand, Inc. ("WOD"), a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) and owner of FRLA's sponsor, Fortune Rise Sponsor LLC, with which it has signed a definitive business combination agreement (the "Business Combination").

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

CLEARWATER, FL / ACCESSWIRE / January 8, 2024 / Fortune Rise Acquisition Corporation (Nasdaq:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.032 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination. This additional contribution extends the date by which the Company has to complete its initial business combination for an additional one-month extension from January 5, 2024 to February 5, 2024. The extension is the third of the twelve one-month extensions permitted under the Company's governing documents, as amended in October 2023.

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

CLEARWATER, FL / ACCESSWIRE / December 7, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC PINK:OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.032 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination.

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

CLEARWATER, FL / ACCESSWIRE / November 7, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC PINK:OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.032 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination. This additional contribution extends the date by which the Company has to complete its initial business combination for an additional one-month extension from November 5, 2023 to December 5, 2023. The extension is the first of the twelve one-month extensions permitted under the Company's governing documents, as amended in October 2023.

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OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Announce Business Combination to Create Nasdaq-Listed Company

Business combination expected to close in Q2 2024.

Metuchen, NJ and Clearwater, FL – October 24, 2023 – Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced that FRLA and Water On Demand Inc. (WOD), a subsidiary of OriginClear, Inc., have entered into a definitive business combination agreement (the "BCA").

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In Amended Letter Of Intent, OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Nominate A New Target For Merger

 

Non-binding agreement sets basis for further negotiations.

Metuchen, NJ and Clearwater, FL – September 28, 2023 – Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc. (WODI), currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA. The new target is Progressive Water Treatment Inc., a Texas corporation (PWT). PWT recently merged with WODI.

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OriginClear Merges Its Water On Demand and Progressive Water Treatment Subsidiaries

Consolidation intended to reinforce the value in potential merger transaction

Clearwater, FL – September 26, 2023 – OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT). The consolidation, which was approved by WODI shareholders, is intended to create better enterprise value for a potential merger opportunity with Fortune Rise Acquisition Corporation (NASDAQ: FRLA), as OCLN announced in January: https://www.originclear.com/company-news/originclears-water-on-demand-subsidiary-signs-letter-of-intent-to-merge-with-fortune-rise-acquisition-corporation.

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

CLEARWATER, FL / ACCESSWIRE / September 6, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.027 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination.

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

CLEARWATER, FL / ACCESSWIRE / August 7, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA" or the "Company") today announced that Water On Demand Inc., a privately-held subsidiary of OriginClear, Inc. (OCLN) ("OCLN") and owner of its sponsor, Fortune Rise Sponsor LLC (the "Sponsor"), has deposited the required $100,000 (representing an additional $0.027 per public share) into the Company's trust account for the benefit of its valued public stockholders which provides a one-month extension to complete the Company's initial business combination.

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Fortune Rise Acquisition Corporation Announces Hiring of Richard Brand as Principal Executive Officer and Chief Financial Officer and Engagement of Nelson Mullins

CLEARWATER, FL / ACCESSWIRE / July 27, 2023 / Fortune Rise Acquisition Corporation (NASDAQ:FRLA) ("FRLA") today announced that it has recently hired Richard A. Brand as Principal Executive Officer and Chief Financial Officer and has retained Nelson Mullins Riley & Scarborough LLP to advise on its proposed business combination with Water on Demand, Inc. ("WOD"), a privately-held subsidiary of OriginClear, Inc. (OTC: Other: OCLN) and owner of FRLA's sponsor, Fortune Rise Sponsor LLC, with which it has signed a non-binding letter of intent (the "Business Combination").

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