--- schema_version: "secwatch.filing_event.v1" accession: "0001683168-23-002342" form_type: "8-K" ticker: null cik: "0001849294" company_name: "Fortune Rise Acquisition Corp" filed_at: "2023-04-13T23:59:59+00:00" generated_at: "2026-06-17T02:45:22.384336+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Fortune Rise Acquisition extends deadline to Nov 6, 2023; ~4.5M shares redeemed for $47.5M ## Summary - Stockholders approved six-month extension of business combination deadline, now up to November 6, 2023. - Extension approved with 10,237,991 votes for, 276,419 against; quorum of 81.61% present. - 4,493,968 public shares redeemed at ~$10.57 each, totaling about $47.5M. - Trust remaining after redemptions: approximately $56.2M with 5,281,032 public shares outstanding. - Redemptions represent about 46% of pre-meeting public shares, significantly reducing available trust capital. ## SEC filing metadata - accession: 0001683168-23-002342 - form_type: 8-K - cik: 0001849294 - company_name: Fortune Rise Acquisition Corp - filed_at: 2023-04-13T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1849294/000168316823002342/0001683168-23-002342-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849294/000168316823002342/fortune_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001683168-23-002342 - JSON: https://secwatch.observer/filing/0001683168-23-002342.json - Plain text: https://secwatch.observer/filing/0001683168-23-002342.txt ## Key facts - Governance Changes Fortune Rise Acquisition Corp: Filing of Extension Amendment to extend business combination deadline up to November 6, 2023 (effective 2023-04-11). - Change: charter amendment - Effective: 2023-04-11 source text: On April 11, 2023, Fortune Rise Acquisition Corporation, a Delaware corporation (the “ Company ”), filed with the Secretary of State of the State of Delaware an amendment (the “ Extension Amendment ”) to the Company’s amended and restated certificate of incorporation to extend the date by which the Company must consummate a Business Combination up to six times, each by an additional month, for an aggregate of six additional months (i.e. from May 6, 2023 up to November 6, 2023) or such earlier date as determined by the board of directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1849294/000168316823002342/0001683168-23-002342-index.htm - Shareholder Votes Fortune Rise Acquisition Corp shareholders approved To approve the adjournment of the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Extension Proposal at the 2023-04-10 meeting. - Outcome: passed - Meeting: 2023-04-10 source text: On April 10, 2023, at the Special Meeting, a total of 10,514,410 (or 81.61%) of the Company’s issued and outstanding shares of Class A common stock and Class B common stock held of record as of March 3, 2023, the record date for the Special Meeting, were present either in person or by proxy, which constituted a quorum. The Company’s stockholders voted on the following proposals at the Special Meeting, each of which received sufficient votes (more than 65%) for approval. The final vote tabulation for each proposal is set forth below. Proposal 1. To approve and adopt the Extension Proposal. For Against Abstained 10,237,991 276,419 0 Proposal 2. To approve the adjournment of the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Extension Proposal. For Against Abstained 10,237,991 276,419 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1849294/000168316823002342/0001683168-23-002342-index.htm - Shareholder Votes Fortune Rise Acquisition Corp shareholders approved To approve and adopt the Extension Proposal at the 2023-04-10 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-04-10 source text: On April 10, 2023, at the Special Meeting, a total of 10,514,410 (or 81.61%) of the Company’s issued and outstanding shares of Class A common stock and Class B common stock held of record as of March 3, 2023, the record date for the Special Meeting, were present either in person or by proxy, which constituted a quorum. The Company’s stockholders voted on the following proposals at the Special Meeting, each of which received sufficient votes (more than 65%) for approval. The final vote tabulation for each proposal is set forth below. Proposal 1. To approve and adopt the Extension Proposal. For Against Abstained 10,237,991 276,419 0 Proposal 2. To approve the adjournment of the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Extension Proposal. For Against Abstained 10,237,991 276,419 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1849294/000168316823002342/0001683168-23-002342-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.