OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Seek to Combine under Form S-4 Registration Statement
The Registration Statement is available on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1849294/000109690624000209/frla_... .
- The Registration Statement is available on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1849294/000109690624000209/frla_... .
- The agreed upon acquisition valuation of WODI is $32 million, based upon a 3.2x multiple of its 2022 revenue.
- “OriginClear has retained a controlling percentage of its Water On Demand subsidiary,” said Riggs Eckelberry, OriginClear CEO.
- The acquisitions will prioritize network management software, management and engineering staffing, and vertical integration through acquisition of component fabricators.