Fortune Rise Acquisition Corp

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Principal Executive Officer and Chief Financial Officer On January 30, 2025, Ryan Spick, the Principal Executive Officer and Chief Financial Officer of Fortune Rise Acquisition Corporation, a Delaware corporation (the “Company”), notified the Company of his plans to resign from the Company to pursue other opportunities, effective immediately. Mr. Spick did not resign due to any disagreement with the Company, its board of directors or its management regarding any matters relating to the Company’s operations, policies or practices. Appointment of Principal Executive Officer and Chief Financial Officer On February 4, 2025, the Board of Directors (the “Board”) of the Company appointed Jon Peraza to serve as the Company’s Principal Executive Officer and Chief Financial Officer effective as of February 4, 2025. Jon Peraza has served as the Legal Administrator and Shareholder Services Manager at OriginClear, Inc., a water technology company, since 2012. In this role, he oversees corporate governance, shareholder services, regulatory compliance, and financial administration. Prior to joining OriginClear, Mr. Peraza worked at Wiseman & Burke, a business and financial management company, where he gained experience in financial administration and corporate services. The terms and conditions of Mr. Peraza’s appointment will be governed by a consulting agreement dated as of February 4, 2025 by and among the Company, Fortune Rise Sponsor, LLC, and Mr. Peraza (the “Consulting Agreement”). The Consulting Agreement provides that no compensation will be paid to Mr. Peraza by the Company. The Consulting Agreement provides for a term of two years, unless earlier terminated by either party upon 10 business days’ written notice. A copy of the Consulting Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The above description of the Consulting Agreement contained herein is qualified in its entirety by the full text of such exhibit. There are no family relationships between Mr. Peraza and any of the Company’s directors or other executive officers, and Mr. Peraza is not a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) of Regulation S-K.