---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-001128"
form_type: "8-K"
ticker: null
cik: "0001835972"
company_name: "iLearningEngines, Inc."
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:37:28.508728+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Arrowroot Acquisition draws $500K on sponsor note; balance now $1.2M

## Summary
- On Sept 27, 2023, drew additional $500,000 from Sponsor under $2M promissory note.
- Total outstanding: $1,200,000; remaining availability: $800,000.
- Note bears 15% simple interest; matures upon business combination or winding up.
- Original note dated June 13, 2023; initial funding was $700,000.

## SEC filing metadata
- accession: 0001013762-23-001128
- form_type: 8-K
- cik: 0001835972
- company_name: iLearningEngines, Inc.
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835972/000101376223001128/0001013762-23-001128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835972/000101376223001128/ea186164-8k_arrowroot.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-001128
- JSON: https://secwatch.observer/filing/0001013762-23-001128.json
- Plain text: https://secwatch.observer/filing/0001013762-23-001128.txt

## Key facts
- Debt Financings
  iLearningEngines, Inc. incurred debt of $500,000 with Arrowroot Acquisition LLC at fifteen percent (15%) per annum maturing upon closing of a business combination or the date that the winding up of the Company is effective.
  - Principal: $500,000
  - Counterparty: Arrowroot Acquisition LLC
  - Rate: fifteen percent (15%) per annum
  - Maturity: upon closing of a business combination or the date that the winding up of the Company is effective
  - Event: incurrence
  source text: On September 27, 2023, the Company drew down an additional amount of $500,000 (the “Drawdown Amount”) pursuant to the terms of the Note (as contemplated and governed by the Note), after which $1,200,000 was outstanding under the Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000101376223001128/0001013762-23-001128-index.htm
- Debt Financings
  iLearningEngines, Inc. incurred loan of up to $2,000,000 with Arrowroot Acquisition LLC at fifteen percent (15%) per annum maturing upon closing of a business combination or the date that the winding up of the Company is effective.
  - Instrument: loan
  - Principal: up to $2,000,000
  - Counterparty: Arrowroot Acquisition LLC
  - Rate: fifteen percent (15%) per annum
  - Maturity: upon closing of a business combination or the date that the winding up of the Company is effective
  - Event: incurrence
  source text: On June 13, 2023, Arrowroot Acquisition Corp., a Delaware corporation and blank check company (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of up to $2,000,000 to Arrowroot Acquisition LLC (the “Sponsor”), of which $700,000 was funded by the Sponsor upon execution of the Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000101376223001128/0001013762-23-001128-index.htm

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