secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001683168-23-005320
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823005320/0001683168-23-005320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823005320/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005320

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