In a non-binding LOI, Fortune Rise recently proposed to acquire Water On Demand, Inc.
Metuchen, NJ and Clearwater, FL – February 7, 2023 – Fortune Rise Acquisition Corporation (Nasdaq: FRLA) (the "Company" or "FRLA") and OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announce that OriginClear’s subsidiary, Water On Demand Inc. ("WODI" or "Water On Demand") deposited $977,500 (the "Second Extension Payment") into the Company's trust account for its public shareholders, representing $0.10 per public share, which enables the Company to extend the period of time it has to consummate its initial business combination by an additional three months from February 5, 2023 to May 5, 2023 (the "Second Extension").