secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001683168-24-002582
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Rise Acquisition Corp faces delisting from Nasdaq over public holders deficiency; hearing requested
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- Nasdaq notified FRLA on April 16, 2024 it failed to comply with the 300 public holders rule by the April 13 extension deadline.
- FRLA requested a hearing on April 19, 2024, which stays the suspension pending the Panel's decision.
- Company previously transferred from Nasdaq Global Market to Capital Market in October 2023 after a similar notice.
- Ongoing business combination with Water on Demand, Inc. was cited in the compliance plan but not yet completed.
- No assurance that the Panel will grant continued listing; securities could be delisted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316824002582/0001683168-24-002582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316824002582/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-002582

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