---
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"
generated_at: "2026-06-16T21:42:00.738642+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Fortune Rise Acquisition issues $605k in unsecured promissory notes to affiliates

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-23-002577
- form_type: 8-K
- cik: 0001849294
- company_name: Fortune Rise Acquisition Corp
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-002577
- JSON: https://secwatch.observer/filing/0001683168-23-002577.json
- Plain text: https://secwatch.observer/filing/0001683168-23-002577.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Counterparty: Water On Demand, Inc.
  - Rate: non-interest bearing
  - Maturity: the earlier of (i) consummation of the Company’s initial business combination; and (ii) the date of the liquidation of the Company
  - Event: incurrence
  source text: · 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_url: https://www.sec.gov/Archives/edgar/data/1849294/000168316823002577/0001683168-23-002577-index.htm
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $50,000
  - Counterparty: OriginClear, Inc.
  - Rate: non-interest bearing
  - Maturity: the earlier of (i) consummation of the Company’s initial business combination; and (ii) the date of the liquidation of the Company
  - Event: incurrence
  source text: Unsecured promissory note dated November 23, 2022 in the principal amount of $50,000 to OriginClear, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849294/000168316823002577/0001683168-23-002577-index.htm

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