---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-008670"
form_type: "8-K"
ticker: null
cik: "0001849294"
company_name: "Fortune Rise Acquisition Corp"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:25:02.266386+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Fortune Rise receives $100k extension loan, pushes business combination deadline to Jan 5, 2024

## Summary
- $100k deposited into trust ($0.032 per share) extends deadline from Dec 5, 2023 to Jan 5, 2024.
- This is the second of twelve permitted one-month extensions under amended governing documents.
- Funded via non-interest bearing unsecured promissory note from Water On Demand, Inc. (sponsor affiliate).
- Note is convertible into shares at $10.00 per share, payable upon business combination or liquidation.

## SEC filing metadata
- accession: 0001683168-23-008670
- form_type: 8-K
- cik: 0001849294
- company_name: Fortune Rise Acquisition Corp
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849294/000168316823008670/0001683168-23-008670-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849294/000168316823008670/fortune_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-008670
- JSON: https://secwatch.observer/filing/0001683168-23-008670.json
- Plain text: https://secwatch.observer/filing/0001683168-23-008670.txt

## Key facts
- Debt Financings
  Fortune Rise Acquisition Corp incurred loan of $100,000 with Water On Demand, Inc. at non-interest bearing maturing on 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: on 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: ompany 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/1849294/000168316823008670/0001683168-23-008670-index.htm

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