{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-002577","form_type":"8-K","ticker":null,"cik":"0001849294","company_name":"Fortune Rise Acquisition Corp","filed_at":"2023-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.213578+00:00","generated_at":"2026-06-16T21:42:00.738642+00:00","sec_items":["2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Fortune Rise Acquisition issues $605k in unsecured promissory notes to affiliates","bullets":["Issued 10 non-interest bearing unsecured notes totaling $605,420 to OriginClear ($50k) and Water On Demand ($555.4k).","Notes payable upon earliest of initial business combination or liquidation; convertible into Class A common at $10/share.","Issuance exempt from registration under Section 4(a)(2) of Securities Act; no commissions paid.","Board approved notes on April 17, 2023; notes were dated from Nov 23, 2022 through Mar 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-002577","json":"https://secwatch.observer/filing/0001683168-23-002577.json","markdown":"https://secwatch.observer/filing/0001683168-23-002577.md","text":"https://secwatch.observer/filing/0001683168-23-002577.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823002577/0001683168-23-002577-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823002577/fortune_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T21:42:00.738642+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"56cf5391923d6913a0defb9486ab17f7fb9796ab","claim":"Fortune Rise Acquisition Corp incurred loan with Water On Demand, Inc. at non-interest bearing maturing the earlier of (i) consummation of the Company’s initial business combination; and (ii) the date of the liquidation of the Company.","evidence_excerpt":"· Unsecured promissory note dated January 6, 2023 in the principal amount of $25,000 to Water On Demand, Inc., a Nevada corporation and an affiliate of the Company’s Sponsor (“ WODI ”); · Unsecured promissory note dated January 9, 2023 in the principal amount of $75,000 to WODI; · Unsecured promissory note dated February 15, 2023 in the principal amount of $106,920 to WODI; · Unsecured promissory note dated February 28, 2023 in the principal amount of $12,500 to WODI; · Unsecured promissory note dated February 28, 2023 in the principal amount of $8,500 to WODI; · Unsecured promissory note dated March 3, 2023 in the principal amount of $45,000 to WODI; · Unsecured promissory note dated March 8, 2023 in the principal amount of $12,500 to WODI; · Unsecured promissory note dated March 17, 2023 in the principal amount of $125,000 to WODI; and · Unsecured promissory note dated March 31, 2023 in the principal amount of $145,000 to WODI.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823002577/0001683168-23-002577-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Counterparty","value":"Water On Demand, Inc."},{"label":"Rate","value":"non-interest bearing"},{"label":"Maturity","value":"the earlier of (i) consummation of the Company’s initial business combination; and (ii) the date of the liquidation of the Company"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"59eb9270c48cf6d361ef1504a6f7c634019b5fa5","claim":"Fortune Rise Acquisition Corp incurred loan of $50,000 with OriginClear, Inc. at non-interest bearing maturing the earlier of (i) consummation of the Company’s initial business combination; and (ii) the date of the liquidation of the Company.","evidence_excerpt":"Unsecured promissory note dated November 23, 2022 in the principal amount of $50,000 to OriginClear, Inc.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823002577/0001683168-23-002577-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$50,000"},{"label":"Counterparty","value":"OriginClear, Inc."},{"label":"Rate","value":"non-interest bearing"},{"label":"Maturity","value":"the earlier of (i) consummation of the Company’s initial business combination; and (ii) the date of the liquidation of the Company"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}