Water On Demand Inc.

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.

Fortune Rise Acquisition Corporation and OriginClear's subsidiary Water On Demand amended their letter of intent to nominate Progressive Water Treatment Inc. as the new target for acquisition by FRLA. The deal is non-binding and subject to further negotiations.