Fortune Rise Acquisition Corporation
closedU=S+W/2W=S@11.50
FRLA
Capital Structure & Economics
Trust Size$86,700,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
50% Warrant Inclusion| Public Trust Allocation | $86,700,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedMay 26, 2021
SearchingTarget Pending
Maturation Wall
May 5, 2023
Announced Target / M&A
- Target CompanyWater on Demand, Inc.
- Announced Deal Size$32,000,000
Board & Officers
- Ryan SpickCEO
- Water On Demand, Inc.Officer
- US Tiger Securities, Inc.Officer
- Officer
- Officer
- Officer
- David Xianglin LiOfficer
- Officer
- Norman C. KristoffOfficer
Syndicate & Advisors
- LEAD
- EF Hutton, a division of Benchmark Investment LLCLEAD
- LEAD
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.