Fortune Rise Acquisition to delist from Nasdaq; stockholders approve extension to May 2025

As approved by its stockholders at the special meeting of stockholders held on November 4, 2024 (the "Special Meeting"), the Company filed an amendment to its amended and restated certificate of incorporation (the "Charter") with the Delaware Secretary of State on November 4, 2024 (the "Charter Amendment"), to extend the date by which the Company has to consummate a business combination for up to an additional six months, from November 5, 2024 (the "Termination Date") to up to May 5, 2025, by electing to extend the date to consummate an initial business combination on a monthly basis for up to six times by an additional one month each time after the Termination Date, until May 5, 2024 or a total of up to six months after the Termination Date, or such earlier date as determined by the Company's board of directors, unless the closing of the Company's initial business combination shall have occurred (the "Extension," and such later date, the "Extended Date"), provided that Fortune Rise Sp

The stockholders approved the proposal to amend the Company's Charter, to extend the date by which the Company has to consummate a business combination for an additional six months, from the Termination Date to the Extended Date, provided that the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account an aggregate amount equal to $0.06 multiplied by the number of public shares of the Company that are not redeemed, for each such one-month extension unless the closing of the Company's initial business combination shall have occurred, in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination.