Morning Roundup: October 30, 2023

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Fortune Rise Acquisition Corp. (FRLA) to Combine with Water On Demand in $72M Deal

Fortune Rise (NASDAQ:FRLA) has entered into a definitive agreement to combine with Water On Demand at a pro forma equity value of $72 million.

Clearwater, Florida-based Water On Demand provides water treatment services and is developing a unique royalty-based platform it intends to launch as an investment vehicle. ...READ MORE

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Concord Acquisition Corp III (CNDB) Signs LOI

Concord Acquisition Corp III (NYSE:CNDB) has signed a non-binding letter of intent (LOI) to combine with a well-established semiconductor supplier.

The SPAC has not yet disclosed the name of the target, but mentioned that it has received non-binding LOIs from investors to provide financing in an amount sufficient to support the closing of the proposed merger. ...READ MORE

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