Fortune Rise Acquisition Corporation announced that it has recently hired Richard A. Brand as Chief Financial Officer and has retained Nelson Mullins Riley & Scarborough LLP to advise on its proposed business combination with Water on Demand, Inc, a privately-held subsidiary of OriginClear Inc. and owner of FRLA's sponsor, Fortune Rise Sponsor LLC, with which it has signed a non-binding letter of intent (the "Business Combination"). Mr. Brand served as Chief Financial Officer for public companies following being a hedge fund Portfolio Manager and a Capital Markets executive. Nelson Mullins is one of the leading legal advisors to SPACs, currently ranked in the top 10 most active firms according to SPAC Research.
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- Fortune Rise Acquisition Corporation Appoints Richard A. Brand as Chief Financial Officer