{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-004988","form_type":"8-K","ticker":null,"cik":"0001849294","company_name":"Fortune Rise Acquisition Corp","filed_at":"2023-07-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.744607+00:00","generated_at":"2026-06-13T06:32:09.393119+00:00","sec_items":["2.03","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Fortune Rise SPAC extends deadline to Aug 5 with $100k trust deposit; appoints new CFO","bullets":["$100k deposited ($0.027/share) into trust for one-month extension to Aug 5, 2023; third of six allowed.","Unsecured non-interest promissory note issued to Water On Demand (sponsor affiliate), convertible at $10/sh.","J. Richard Iler resigned all positions effective July 14, 2023; no disagreement cited.","Richard Brand appointed CFO and PEO effective July 14; consulting agreement at $10k/month for six months."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-004988","json":"https://secwatch.observer/filing/0001683168-23-004988.json","markdown":"https://secwatch.observer/filing/0001683168-23-004988.md","text":"https://secwatch.observer/filing/0001683168-23-004988.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823004988/0001683168-23-004988-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823004988/fortune_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T06:32:09.393119+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":"7bef349b979547e74b987fb34e0819d4937e0d77","claim":"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.","evidence_excerpt":"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_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823004988/0001683168-23-004988-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$100,000"},{"label":"Counterparty","value":"Water On Demand, Inc."},{"label":"Rate","value":"non-interest bearing"},{"label":"Maturity","value":"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":"79f4182060","claim":"J. Richard Iler resigned as other at Fortune Rise Acquisition Corp.","evidence_excerpt":"Effective July 14, 2023, J. Richard Iler resigned from all positions with the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823004988/0001683168-23-004988-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"}],"fact_type":"executive_change"},{"claim_id":"83407d1644","claim":"Richard A. Brand was appointed as Chief Financial Officer and Principal Executive Officer at Fortune Rise Acquisition Corp.","evidence_excerpt":"Effective July 14, 2023, the board of directors of the Company unanimously appointed Richard A. Brand to serve as the Company’s Chief Financial Officer and Principal Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1849294/000168316823004988/0001683168-23-004988-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer and Principal Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}