Lynk Global Appoints New CEO and CFO in Partnership with Slam Corp.
November 7, 2024
Definitive Agreement: Feb 04, 24
Industry:
COMMUNICATIONS SERVICES, NEC
Falls Church, VA – Lynk Global, Inc., a leading satellite direct-to-device provider, today announced the appointment of Ramu Potarazu as Chief Executive Officer (CEO) and Steven Fay as Chief Financial Officer (CFO). Both will also join Lynk’s Board of Directors. Potarazu succeeds interim CEO Dan Dooley, who will resume his role as Chief Commercial Officer.
These appointments, unanimously approved by the Lynk Board, were made in partnership with Slam Corp. (OTCQX: SLAMF, SLMUF, SLMWF) and coincide with new capital investments from Lynk’s key shareholders. This leadership transition is part of a strategic executive realignment to strengthen the company’s leadership as it prepares to go public through a previously announced business combination with Slam Corp. Potarazu and Fay bring decades of experience in the satellite and technology industries, with expertise in strategic planning, commercial transactions, capital markets, and growth initiatives.
Lynk’s patented technology enables direct communication between satellites and standard mobile phones. The company has over 45 commercial contracts in approximately 50 countries and aims to become a key player in the global mobile wireless market.
Fortune Rise Acquisition Corporation Provides Update on Planned Merger with Water On Demand, Inc.
November 6, 2024
Definitive Agreement: Oct 24, 23
Industry:
SPECIAL INDUSTRY MACHINERY, NEC
Clearwater, FL – Fortune Rise Acquisition Corporation (Nasdaq: FRLA, FRLAU, FRLAW) is actively working with Water On Demand Inc. (WODI), a subsidiary of OriginClear, Inc. (OTC: OCLN), to finalize their previously announced merger. The goal is to take WODI public on Nasdaq through this business combination.
FRLA stockholders recently approved an extension to complete the de-SPAC transaction, moving the deadline from November 5, 2024, to May 5, 2025. While Nasdaq rules require delisting SPACs after three years, FRLA will be delisted on November 11, 2024, and plans to trade on the OTC market while WODI’s Nasdaq application proceeds.
Both companies remain committed to the merger and are optimistic about the future. They believe this transaction will provide a platform to address critical water quality issues in the US and globally.