On March 1, 2023, Payam Eshraghian resigned from all positions within Fortune Rise Acquisition Corporation. There was no known disagreement with Mr. Eshraghian on any matter relating to the Company's operations, policies or practices. On March 3, 2023, the remaining members of the Board of Directors of the Fortune Rise Acquisition Corporation appointed Philip Goodman as a Class I director to fill the vacancy left from Mr. Eshraghian's resignation.

Mr. Goodman was also appointed to serve as a member of each of the Audit and Compensation Committees. Philip Goodman has been an officer or director of both public and private companies since 1973, when he became Vice President, Sales and Marketing of Digital Computer Controls (OTC). He was a cofounder and Chairman of the Board of FastComm Communications (OTC) until 1984.

He co-founded Control Transaction Corporation, a company that was sold to GEAC; at that time GEAC was a $600 million conglomerate. Mr. Goodman served as VP of Sales and Marketing and member of the Board of Directors. Mr. Goodman was a co-founder of Ardent Acquisition, an early SPAC.

He was a member of the board, as well as a member of the audit committee. Ardent was a financial success with its merger into AvantAir. Mr. Goodman has broad experience in creating, evaluating, restructuring and growing high technology and life science start-ups, turnarounds and established companies.

Most recently Mr. Goodman was a member of the Board of Directors and Chief Operating Officer, on a contract basis, of Oxford Biomedical Technologies. Sales and profits at Oxford more than doubled on his watch. On March 3, 2023, Ronald J. Pollack was appointed as Chairman of the Board.

Mr. Goodman received an AA degree in the renowned 14 comps from the University of Chicago. He earned a BA from Miami University of Ohio in Anthropology, having studied Meta Linguistics. At Miami he was honored with membership in Phi Beta Kappa.

He then studied engineering at Case Institute of Technology.