---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-035572"
form_type: "8-K"
ticker: null
cik: "0001849294"
company_name: "Fortune Rise Acquisition Corp"
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:40:49.029276+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Fortune Rise Acquisition issues $75K promissory note to affiliate for working capital

## Summary
- Unsecured note for $75,000 issued to Water On Demand, Inc., an affiliate of sponsor.
- Non-interest bearing; payable upon earlier of business combination or liquidation.
- Holder may convert principal into Class A shares at $10.00 per share.
- Proceeds will be used for working capital; note is subject to trust account waiver.
- Issuance exempt from registration under Securities Act Section 4(a)(2).

## SEC filing metadata
- accession: 0001104659-23-035572
- form_type: 8-K
- cik: 0001849294
- company_name: Fortune Rise Acquisition Corp
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849294/000110465923035572/0001104659-23-035572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849294/000110465923035572/tm2310285d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-035572
- JSON: https://secwatch.observer/filing/0001104659-23-035572.json
- Plain text: https://secwatch.observer/filing/0001104659-23-035572.txt

## Key facts
- Debt Financings
  Fortune Rise Acquisition Corp incurred loan of $75,000 with Water On Demand, Inc. at non-interest bearing maturing on the earlier of (a) the date on which Maker consummates its initial business combination and (b) the date of the liquidation of Maker.
  - Instrument: loan
  - Principal: $75,000
  - Counterparty: Water On Demand, Inc.
  - Rate: non-interest bearing
  - Maturity: on the earlier of (a) the date on which Maker consummates its initial business combination and (b) the date of the liquidation of Maker
  - Event: incurrence
  source text: approved the issuance of an unsecured promissory note dated March 9, 2023 in the principal amount of $75,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849294/000110465923035572/0001104659-23-035572-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.