---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-003056"
form_type: "8-K"
ticker: null
cik: "0001849294"
company_name: "Fortune Rise Acquisition Corp"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:25:54.202944+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Fortune Rise Acquisition extends deadline to June 5, 2024 via $100K sponsor deposit

## Summary
- Water On Demand deposited $100,000 ($0.032/share) into trust for one-month extension to June 5, 2024.
- This is the seventh of twelve permitted monthly extensions under amended governing documents.
- Extension loan is non-interest bearing, due at business combination or liquidation, convertible into Class A shares at $10.00.
- Loan from Water On Demand, Inc., a subsidiary of OriginClear (OCLN), which controls the sponsor.
- FRLA must consummate initial business combination by June 5, 2024 or face liquidation.

## SEC filing metadata
- accession: 0001683168-24-003056
- form_type: 8-K
- cik: 0001849294
- company_name: Fortune Rise Acquisition Corp
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849294/000168316824003056/0001683168-24-003056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849294/000168316824003056/fortune_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-003056
- JSON: https://secwatch.observer/filing/0001683168-24-003056.json
- Plain text: https://secwatch.observer/filing/0001683168-24-003056.txt

## Key facts
- Debt Financings
  Fortune Rise Acquisition Corp incurred loan of $100,000 with Water On Demand, Inc. at non-interest bearing maturing 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: 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/1849294/000168316824003056/0001683168-24-003056-index.htm

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