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OriginClear and Fortune Rise Acquisition Corporation Agree to Terminate Business Combination Agreement

Dec 16, 2024•over 1 year ago

Contract Type

agreement

ClearwaterWaterWater Purification

Description

OriginClear, Inc. and its subsidiary, Water On Demand Inc., have terminated the Business Combination Agreement with Fortune Rise Acquisition Corporation due to ongoing delays in the registration process faced by the S-4 Registration Statement. This decision allows the company to focus on expanding Water On Demand operations and growing the business.

Company Information

Company

OriginClear (Water On Demand)

Location

Clearwater, Florida, United States

About

OriginClear, Inc. is the Clean Water Innovation Hub™, dedicated to launching new ventures such as Water On Demand™ and Modular Water Systems™ – a leader in onsite, prefabricated systems made with sophisticated materials that can last decades. OriginClear subsidiary Progressive Water Treatment merged with Water On Demand and Modular Water Systems in a combination known as Water On Demand Inc., intended to create better enterprise value for a potential merger.

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Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.