secwatch.observer — SEC 8-K summary
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Issuer:     iLearningEngines, Inc. (—)
CIK:        0001835972
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001213900-23-074444
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835972/000121390023074444/0001213900-23-074444-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835972/000121390023074444/ea184801-8k_arrowroot.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-074444

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