# OriginClear's Water On Demand to combine with Fortune Rise Acquisition Corp

OriginClear's subsidiary Water On Demand and Fortune Rise Acquisition Corporation filed a registration statement for a business combination, with a pro forma combined equity valuation of approximately $72 million. The combined company is expected to list on Nasdaq under ticker WODI.

- Type: Acquisition
- Announced: 2024-02-15
- Where: United States
- Value: $72.0M
- Status: announced
- Products: decentralized water management solutions
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [OriginClear](https://endata.com/companies/8303.md) (investor)
- [Fortune Rise Acquisition Corporation](https://endata.com/companies/72910.md) (acquirer)
- [Water On Demand Inc.](https://endata.com/companies/72911.md) (target)

## Sources

- [originclear.com](https://www.originclear.com/company-news/originclears-water-on-demand-and-fortune-rise-acquisition-corporation-seek-to-combine-under-form-s-4-registration-statement/), 2024-02-15: "OriginClear has retained a controlling percentage of its Water On Demand subsidiary."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.