{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-073258","form_type":"8-K/A","ticker":null,"cik":"0001835972","company_name":"iLearningEngines, Inc.","filed_at":"2023-09-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.606262+00:00","generated_at":"2026-06-11T00:42:58.319362+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Arrowroot Acquisition restates Q1 2023 financials; net loss more than quadruples to $1.69M","bullets":["Material error: convertible notes incorrectly fair-valued instead of at par; Q1 2023 statements no longer reliable.","Net loss restated from $374,842 to $1,694,692; basic EPS for Class A and B each changed from ($0.01) to ($0.06).","Convertible promissory note value adjusted from $257,014 to $2,140,000; total liabilities increased by $1.88M.","Accumulated deficit increased by $1.32M to $16.53M; additional paid-in capital eliminated ($563,136 reclassified).","Management identified a material weakness in internal controls; disclosure controls deemed ineffective as of March 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-073258","json":"https://secwatch.observer/filing/0001213900-23-073258.json","markdown":"https://secwatch.observer/filing/0001213900-23-073258.md","text":"https://secwatch.observer/filing/0001213900-23-073258.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1835972/000121390023073258/0001213900-23-073258-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1835972/000121390023073258/ea184624-8ka1_arrow.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T00:42:58.319362+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":"fb57fbc35241871d60965addf4a47d394d3f5d1e","claim":"iLearningEngines, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"should no longer be relied upon due to the error described below and should be restated.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835972/000121390023073258/0001213900-23-073258-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}