secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001683168-24-000124
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortune Rise Acquisition deposits $100k to extend deadline to Feb 2024
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- $100,000 deposited into trust account ($0.032 per share) for one-month extension to February 5, 2024.
- Extension is third of twelve permitted one-month extensions under amended governing documents (Oct 2023).
- Loan from Water On Demand, Inc., subsidiary of OriginClear (OCLN), as non-interest bearing promissory note.
- Note may be converted into Class A common shares at $10.00 per share, subject to conditions.
- Press release issued January 8, 2024 confirming the extension.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316824000124/0001683168-24-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316824000124/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000124

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