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Fortune Rise Acquisition Priced, Nasdaq: FRLA

Blank check company formed by the CEO of US Tiger Securities (pending: Water On Demand).

Industry: SPAC

Latest Trade: $11.12 0.00 (0.0%)

First Day Return: +0.3%

Return from IPO: +11.2%

Industry: SPAC

We are 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, which we refer to throughout this prospectus as our initial business combination. Our efforts to identify a target business will likely span many industries and regions around the world. We are not limited to a particular industry or geographic region for purposes of consummating an initial business combination. We have not selected any potential business combination target or initiated any substantive discussions, directly or indirectly, with any potential business combination prospects. While we intend to undertake a search process, our ability to locate a potential target is subject to the uncertainties discussed elsewhere in this prospectus.
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IPO Data
IPO File Date 05/26/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 8.5
Deal Size ($mm) $85
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/02/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 8.5
Deal Size ($mm) $85
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Tiger Brokers
D. Boral Capital
Company Data
Headquarters Metuchen, NJ, United States
Founded 2021
Employees at IPO 3

Fortune Rise Acquisition (FRLA) Performance