Item 8.01 Other Events.

On December 22, 2021, Fortune Rise Acquisition Corporation (the "Company") announced that holders of the Company's units may elect to separately trade the Class A Common Stock shares and warrants included in its units, commencing on or about December 27, 2021.

The Class A Common Stock shares and warrants will trade on the Nasdaq Global Market ("Nasdaq") under the symbols FRLA and FRLAW, respectively. Units not separated will continue to trade on Nasdaq under the symbol FRLAU.

On December 22, 2021, the Company issued a press release announcing the separation of units. A copy of this press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

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