secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001104659-23-035572
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Rise Acquisition issues $75K promissory note to affiliate for working capital
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000110465923035572/0001104659-23-035572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000110465923035572/tm2310285d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-035572

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