{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-002582","form_type":"8-K","ticker":null,"cik":"0001849294","company_name":"Fortune Rise Acquisition Corp","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.788085+00:00","generated_at":"2026-06-03T14:25:51.656480+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fortune Rise Acquisition Corp faces delisting from Nasdaq over public holders deficiency; hearing requested","bullets":["Nasdaq notified FRLA on April 16, 2024 it failed to comply with the 300 public holders rule by the April 13 extension deadline.","FRLA requested a hearing on April 19, 2024, which stays the suspension pending the Panel's decision.","Company previously transferred from Nasdaq Global Market to Capital Market in October 2023 after a similar notice.","Ongoing business combination with Water on Demand, Inc. was cited in the compliance plan but not yet completed.","No assurance that the Panel will grant continued listing; securities could be delisted."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-002582","json":"https://secwatch.observer/filing/0001683168-24-002582.json","markdown":"https://secwatch.observer/filing/0001683168-24-002582.md","text":"https://secwatch.observer/filing/0001683168-24-002582.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849294/000168316824002582/0001683168-24-002582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849294/000168316824002582/fortune_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T14:25:51.656480+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9d07d2e9572ba0e4d287808b644abad40473748e","claim":"Fortune Rise Acquisition Corp received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2), 5550(a)(3)).","evidence_excerpt":"April 16, 2024, the Company received a written notice (the “Notice”) from the Staff notifying the Company that it did not regain compliance with the Public Holders Rule during the Extension Period. As a result, Nasdaq has advised the Company that its securities would be subject to delisting unless the Company timely requests a hearing before an independent Hearings Panel (the “Panel”). On April 19, 2024, the Company submitted a request for a hearing. The hearing request will stay the suspension of the Company’s securities and the termination of registration of the securities with Nasdaq as req","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1849294/000168316824002582/0001683168-24-002582-index.htm","confidence":0.97,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"shareholders"},{"label":"Rules","value":"5450(a)(2), 5550(a)(3)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}