secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001683168-23-008670
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823008670/0001683168-23-008670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316823008670/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-008670

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