NEW YORK, Dec. 22, 2021 /PRNewswire/ -- Fortune Rise
Acquisition Corporation (NASDAQ: FRLAU) (the "Company"), a
newly organized blank check company incorporated as a Delaware business company and led by Chief
Executive Officer and Director Lei Huang, today announced that
commencing December
27, 2021, holders of the units sold in the Company's
initial public offering may elect to separately trade the Company's
Class A Common Stock shares and warrants included in the units. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. The Class A Common Stock shares and
warrants that are separated will trade on The Nasdaq Global Market
("NASDAQ") under the symbols "FRLA," and "FRLAW." Those units not
separated will continue to trade on NASDAQ under the symbol
"FRLAU." Holders of units will need to have their brokers
contact Vstock Transfer, LLC, the Company's transfer agent, in
order to separate the units into Class A Common Stock shares and
warrants. The units began trading on NASDAQ under the ticker symbol
"FRLAU" on November 3, 2021. The
offering was made only by means of a prospectus. Copies of the
prospectus relating to this offering may be obtained from US Tiger
Securities, Inc., 437 Madison Avenue, 27th Floor, New York, New York 10022, email:
IB@ustigersecurities.com, or by accessing the SEC's website,
www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Fortune Rise Acquisition
Corporation
Fortune Rise Acquisition Corporation is a newly organized blank
check company formed as a Delaware
corporation for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization, or
similar business combination with one or more businesses. The
Company has not selected any business combination target and have
not, nor has anyone on its behalf, initiated any substantive
discussions, directly or indirectly, with any business combination
target. The company's efforts to identify a prospective target
business will not be limited to a particular industry or geographic
region, although the Company is prohibited from undertaking initial
business combination with any entity that conducts a majority of
its business or is headquartered in China (including Hong Kong and Macau).
Forward-Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties. Forward looking statements are
subject to numerous conditions, risks and changes in circumstances,
many of which are beyond the control of the Company, including
those set forth in the "Risk Factors" section of the Company's
registration statement, as amended from time to time, and
prospectus for the offering filed with the SEC. Such
forward-looking statements include the successful consummation of
the Company's initial public offering or exercise of the
underwriters' over-allotment option. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
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SOURCE Fortune Rise Acquisition Corporation
