---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-003950"
form_type: "8-K"
ticker: null
cik: "0001849294"
company_name: "Fortune Rise Acquisition Corp"
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:50:45.858946+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# FRLA extends deadline to July 5 with $100K trust deposit; issues convertible note

## Summary
- Deposited $100,000 ($0.027/share) into trust account to extend business combination deadline from June 5 to July 5, 2023.
- Extension is second of six permitted one-month extensions under company's governing documents.
- Issued unsecured, non-interest bearing promissory note to Water On Demand, Inc. (sponsor affiliate) for $100,000.
- Note converts into Class A common shares at $10.00 per share; payable upon business combination or liquidation.
- Press release confirms funds increase pro rata portion available in trust by $0.027 per share.

## SEC filing metadata
- accession: 0001683168-23-003950
- form_type: 8-K
- cik: 0001849294
- company_name: Fortune Rise Acquisition Corp
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849294/000168316823003950/0001683168-23-003950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849294/000168316823003950/fortune_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-003950
- JSON: https://secwatch.observer/filing/0001683168-23-003950.json
- Plain text: https://secwatch.observer/filing/0001683168-23-003950.txt

## Key facts
- Debt Financings
  Fortune Rise Acquisition Corp incurred loan of $100,000 with Water On Demand, Inc. at non-interest bearing maturing earlier of (i) consummation of the Company's initial business combination and (ii) the date of the liquidation of the Company.
  - Instrument: loan
  - Principal: $100,000
  - Counterparty: Water On Demand, Inc.
  - Rate: non-interest bearing
  - Maturity: 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: xtension Payment, the Company issued an unsecured promissory note (the “ Note ”) to Water On Demand, Inc., a Nevada corporation and the entity which controls the Company’s sponsor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849294/000168316823003950/0001683168-23-003950-index.htm

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