secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001683168-23-003016
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Rise Acquisition deposits $330k to extend business combination deadline to June 5, 2023
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- $330,064.50 deposited into trust account ($0.0625/share) for one-month extension from May 5 to June 5, 2023.
- Extension is the first of six permitted one-month extensions under the company's governing documents.
- Issued unsecured, non-interest bearing promissory note to Water On Demand, Inc. (sponsor affiliate) for the payment.
- Note principal due upon consummation of business combination or liquidation; convertible into Class A shares at $10.00/share.
- Press release filed May 8, 2023 announcing the trust deposit and extension.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823003016/0001683168-23-003016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823003016/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003016

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