secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001683168-23-002342
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Rise Acquisition extends deadline to Nov 6, 2023; ~4.5M shares redeemed for $47.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823002342/0001683168-23-002342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823002342/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002342

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