secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001683168-24-001335
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 business combination deadline to April 5, 2024 with $100K trust deposit
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- $100,000 deposited into trust account ($0.032/share) for fifth one-month extension.
- Deadline for initial business combination extended from March 5, 2024 to April 5, 2024.
- Unsecured promissory note issued to Water On Demand, Inc.; non-interest bearing, convertible at $10.00.
- Principal may be prepaid; conversion into Class A common shares at $10.00/share.
- Company has up to twelve total one-month extensions under amended governing documents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316824001335/0001683168-24-001335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316824001335/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001335

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