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United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 31, 2024

 

FORTUNE RISE ACQUISITION CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-40990   86-1850747
(State or other jurisdiction of
incorporation) 		 

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

13575 58th Street North, Suite 200
Clearwater, Florida 		  33760
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 727-440-4603

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one share of Class A Common Stock and one-half of one Warrant   FRLAU   The Nasdaq Stock Market LLC
         
Class A Common Stock, par value $0.0001 per share   FRLA   The Nasdaq Stock Market LLC
         
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50   FRLAW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

   
 

 

 

Item 8.01. Other Events.

 

On October 31, 2024, Fortune Rise Acquisition Corporation (the “Company”) announced that it undertakes to do the following:

 

·to waive the $50,000 of interest earned on the funds held in the trust account to pay dissolution expenses;
·to waive the use of the interest earned on the funds held in the trust account that may be released to the Company for working capital purposes;
·to waive the use of the interest earned on the funds held in the trust account that may be released to the Company to pay the Company’s tax obligations;
·to convert the Company’s Class B common stock, par value $0.0001 per share, to shares of the Company’s Class A common stock, par value $0.0001 per share, as soon as practical;
·to list the Company’s securities on the OTC in the event that Nasdaq delists the Company’s securities;
·to maintain the investment of the Company’s trust assets in money market investment products; and
·to continue to announce trust account contributions on a monthly basis.

 

 

 

 

 

 

 2 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Fortune Rise Acquisition Corporation
   
Date: October 31, 2024 By: /s/ Ryan Spick
  Name: Ryan Spick
  Title: Principal Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 3 

 

v3.24.3
Cover
Oct. 31, 2024
Document Type 8-K
Amendment Flag false
Document Period End Date Oct. 31, 2024
Entity File Number 001-40990
Entity Registrant Name FORTUNE RISE ACQUISITION CORPORATION
Entity Central Index Key 0001849294
Entity Tax Identification Number 86-1850747
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 13575 58th Street North
Entity Address, Address Line Two Suite 200
Entity Address, City or Town Clearwater
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33760
City Area Code 727
Local Phone Number 440-4603
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Units Each Consisting Of One Share Of Class Common Stock And Onehalf Of One Warrant [Member]  
Title of 12(b) Security Units, each consisting of one share of Class A Common Stock and one-half of one Warrant
Trading Symbol FRLAU
Security Exchange Name NASDAQ
Class Common Stock Par Value 0. 0001 Per Share [Member]  
Title of 12(b) Security Class A Common Stock, par value $0.0001 per share
Trading Symbol FRLA
Security Exchange Name NASDAQ
Warrants Each Whole Warrant Exercisable For One Share Of Class Common Stock At Exercise Price Of 11. 50 [Member]  
Title of 12(b) Security Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
Trading Symbol FRLAW
Security Exchange Name NASDAQ
Fortune Rise Acquisition (NASDAQ:FRLAW)
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