Li David Xianglin 4
4 · Fortune Rise Acquisition Corp · Filed Jan 12, 2023
Insider Transaction Report
Form 4
Li David Xianglin
Director
Transactions
- Sale
Class B Common Stock
2022-12-22$0.01/sh−10,000$102→ 10,000 total
Footnotes (2)
- [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 (the "Issuer") upon the consummation of an initial business combination.
- [F2]Representing 10,000 shares of Class B Common Stock that Dr. Li transferred to Fortune Rise Sponsor LLC (the "Sponsor") pursuant to certain securities transfer agreement dated December 22, 2022 among Sponsor and certain initial stockholders of the Issuer. On the same day, Dr. Li resigned as director of the Issuer.