---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-005320"
form_type: "8-K"
ticker: null
cik: "0001849294"
company_name: "Fortune Rise Acquisition Corp"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:55:33.974895+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SPAC Fortune Rise deposits $100K for fourth one-month extension to Sept 5, 2023

## Summary
- $100,000 deposited into trust for fourth one-month extension; deadline moved from Aug 5 to Sep 5, 2023.
- Extension funded by Water On Demand (sponsor affiliate) via non-interest bearing promissory note, convertible at $10.00/share.
- Two more monthly extensions remain; sponsor can make up to six total.
- Note is unsecured and payable upon business combination or liquidation; principal can be converted into Class A common shares.
- Public shareholders have $0.027 per share added to trust; no mention of redemptions.

## SEC filing metadata
- accession: 0001683168-23-005320
- form_type: 8-K
- cik: 0001849294
- company_name: Fortune Rise Acquisition Corp
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849294/000168316823005320/0001683168-23-005320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849294/000168316823005320/fortune_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-005320
- JSON: https://secwatch.observer/filing/0001683168-23-005320.json
- Plain text: https://secwatch.observer/filing/0001683168-23-005320.txt

## Key facts
- Debt Financings
  Fortune Rise Acquisition Corp incurred loan of $100,000 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
  - Principal: $100,000
  - 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: 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/1849294/000168316823005320/0001683168-23-005320-index.htm

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