secwatch.observer — SEC 8-K summary
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Issuer:     iLearningEngines, Inc. (—)
CIK:        0001835972
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0001013762-23-001128
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835972/000101376223001128/0001013762-23-001128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835972/000101376223001128/ea186164-8k_arrowroot.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-001128

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