| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | FRLA | Class B Common Stock | 2M | Nov 2, 2021 | Direct | F1, F2, F3 | |||||
| holding | FRLA | Class A Common Stock | 506K | Nov 2, 2021 | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the 2nd amended and restated certificate of incorporation of Fortune Rise Acquisition Corporation upon the consummation of an initial business combination. |
| F2 | Assuming the over-allotment option is exercised by the underwriters of the public offering of Fortune Rise Acquisition Corporation in full within 45 days of the offering, Fortune Rise Sponsor LLC may be deemed to beneficially own 2,000,000 shares of Class B Common Stock and 505,500 shares of Class A Common Stock held by Fortune Rise Sponsor LLC. |
| F3 | Fortune Rise Sponsor LLC is the record holder of the shares reported herein. Koon Keung Chan is the manager of Fortune Rise Sponsor LLC. As such. Mr. Chan may be deemed to have beneficial ownership of the shares of common stock held directly by Fortune Rise Sponsor LLC. Mr. Chan disclaims beneficial ownership over any securities owned by our sponsor in which he does not have any pecuniary interest. The amount of shares reported includes up to 318,750 shares that are subject to forfeiture to the extent that the over-allotment option by the underwriters is not exercised in full or in part and does not include 54,250 shares that are transferable to certain officers and personnel of Fortune Rise Acquisition Corporation (the "Company") if the over-allotment option is exercised in full pursuant to certain securities transfer agreement dated November 2, 2021 among the reporting person and certain initial stockholders of the Company. |