secwatch.observer — SEC 8-K summary
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Issuer:     Fortune Rise Acquisition Corp (—)
CIK:        0001849294
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001683168-24-003056
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849294/000168316824003056/0001683168-24-003056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849294/000168316824003056/fortune_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003056

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