secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001683168-23-002577
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823002577/0001683168-23-002577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823002577/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002577

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer