{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-010328","form_type":"8-K","ticker":null,"cik":"0001835972","company_name":"iLearningEngines, Inc.","filed_at":"2023-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.966571+00:00","generated_at":"2026-06-18T12:08:06.665315+00:00","sec_items":["2.03","5.07","5.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Arrowroot SPAC extends deadline to July 2023; $247M redeemed, sponsor loans up to $1.76M","bullets":["Stockholders approved extension of business combination deadline from March 4, 2023 to July 6, 2023, with up to seven monthly extensions to Feb 4, 2024.","Holders of 24,304,187 Class A shares redeemed at ~$10.17/share, totaling ~$247.3 million.","Sponsor issued unsecured promissory note for up to $1,760,000 to fund trust account for extensions; note bears no interest, matures upon business combination.","Charter amendment filed March 1, 2023 to effect extension."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-010328","json":"https://secwatch.observer/filing/0001140361-23-010328.json","markdown":"https://secwatch.observer/filing/0001140361-23-010328.md","text":"https://secwatch.observer/filing/0001140361-23-010328.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1835972/000114036123010328/0001140361-23-010328-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1835972/000114036123010328/brhc10049384_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T12:08:06.665315+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":"58a3a4f89f5fa36daa437576ef1dd385ff0144fd","claim":"iLearningEngines, Inc. incurred loan of up to $1,760,000 with Arrowroot Acquisition LLC at does not bear interest maturing closing of Arrowroot's initial business combination.","evidence_excerpt":"Accordingly, on March 6, 2023, Arrowroot issued an unsecured promissory note in the principal amount of up to $1,760,000 (the “ Note ”) to the Sponsor. The Note does not bear interest and matures upon closing of Arrowroot’s initial business combination (a “ Business Combination ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835972/000114036123010328/0001140361-23-010328-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $1,760,000"},{"label":"Counterparty","value":"Arrowroot Acquisition LLC"},{"label":"Rate","value":"does not bear interest"},{"label":"Maturity","value":"closing of Arrowroot's initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d26081df00a2945e301eb12a32de7af798107076","claim":"iLearningEngines, Inc.: Amendment to certificate of incorporation to extend the deadline for initial business combination from March 4, 2023 to July 6, 2023, with option for monthly extensions up to February 4, 2024 (effective 2023-03-01).","evidence_excerpt":"On February 28, 2023, Arrowroot held the Special Meeting to approve an amendment to Arrowroot’s amended and restated certificate of incorporation (the “ Charter Amendment ”) to extend the date (the “ Termination Date ”) by which Arrowroot has to consummate an initial business combination from March 4, 2023 (the “ Original Termination Date ”) to July 6, 2023 (the “ Charter Extension Date ”) and to allow Arrowroot, without another stockholder vote, to elect to extend the Termination Date to consummate a Business Combination on a monthly basis up to seven times by an additional one month each time after the Charter Extension Date, by resolution of Arrowroot’s board of directors, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until February 4, 2024, for a total of up to eleven months after the Original Termination Date, unless the closing of an initial business combination shall have occurred prior thereto (the “ Extension Proposal","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835972/000114036123010328/0001140361-23-010328-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-03-01"}],"fact_type":"governance_change"},{"claim_id":"2bbe490f3422a5ef89153e39c71267698c764916","claim":"iLearningEngines, Inc. shareholders approved Extension Proposal at the 2023-02-28 meeting.","evidence_excerpt":"The voting results for the Extension Proposal were as follows: The Extension Proposal For Against Abstain 27,779,177 659,860 0","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835972/000114036123010328/0001140361-23-010328-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-02-28"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}