secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001683168-23-006978
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Rise Acquisition extends deadline to Nov 5, 2023 with $100k deposit from sponsor affiliate
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- Deposited $100k ($0.027/share) into trust for sixth one-month extension from Oct 5 to Nov 5, 2023.
- Issued unsecured promissory note to Water On Demand, Inc.; non-interest bearing, due at combination or liquidation.
- Note principal convertible into Class A shares at $10.00 per share at holder's option.
- Extension funded by OriginClear subsidiary; SPAC now has until Nov 5 to complete initial business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823006978/0001683168-23-006978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823006978/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006978

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