---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-074444"
form_type: "8-K"
ticker: null
cik: "0001835972"
company_name: "iLearningEngines, Inc."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:34:35.055936+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Arrowroot Acquisition Corp. draws $160,000 to extend business combination deadline to October 6, 2023

## Summary
- The company borrowed $160,000 from Arrowroot Acquisition LLC under a promissory note to fund a one-month extension.
- The deposit on September 6, 2023 moves the deadline to complete an initial business combination from Sep 6 to Oct 6, 2023.
- This is the third of seven permitted one-month extensions under the amended certificate of incorporation.
- Up to $1,760,000 of the note principal may be converted into warrants at $1.00 per warrant, identical to private placement warrants.
- The note is non-interest bearing and matures upon closing of the business combination; if no deal closes, repayment is limited to funds outside the trust account.

## SEC filing metadata
- accession: 0001213900-23-074444
- form_type: 8-K
- cik: 0001835972
- company_name: iLearningEngines, Inc.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835972/000121390023074444/0001213900-23-074444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835972/000121390023074444/ea184801-8k_arrowroot.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-074444
- JSON: https://secwatch.observer/filing/0001213900-23-074444.json
- Plain text: https://secwatch.observer/filing/0001213900-23-074444.txt

## Key facts
- Debt Financings
  iLearningEngines, Inc. incurred loan of $160,000 with Arrowroot Acquisition LLC at does not bear interest maturing upon closing of the Company's initial business combination.
  - Instrument: loan
  - Principal: $160,000
  - Counterparty: Arrowroot Acquisition LLC
  - Rate: does not bear interest
  - Maturity: upon closing of the Company's initial business combination
  - Event: incurrence
  source text: The board of directors of Arrowroot Acquisition Corp., a Delaware corporation (the " Company "), approved a draw of an aggregate of $160,000 (the " Extension Funds ") pursuant to the Promissory Note, dated as of March 6, 2023 (the " Note "), between the Company and Arrowroot Acquisition LLC (the " Lender "), which Extension Funds were deposited into the Company’s trust account for its public stockholders on September 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390023074444/0001213900-23-074444-index.htm

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