| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | FRLA | Class B Common Stock | 2M | Nov 2, 2021 | See footnote | F1, F2, F3 | |||||
| holding | FRLA | Class A Common Stock | 506K | Nov 2, 2021 | See footnote | 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 | In connection with the closing of the initial public offering of the Issuer and the exercise of over-allotment option in full by underwriters on November 5, 2021, Koon Keung Chan is 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 is 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. |