secwatch.observer — SEC 8-K summary
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Issuer:     iLearningEngines, Inc. (—)
CIK:        0001835972
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001213900-23-081318
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Arrowroot Acquisition draws $160K to extend business combination deadline to Nov 6, 2023
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- Drew $160,000 under promissory note to extend initial business combination deadline from Oct 6 to Nov 6, 2023 (fourth of seven possible one-month extensions).
- Note bears no interest, matures upon business combination, and is repayable only from funds outside trust account.
- Up to $1,760,000 of principal can be converted into warrants at $1.00 per warrant, identical to private placement warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835972/000121390023081318/0001213900-23-081318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835972/000121390023081318/ea186453-8k_arrowroot.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-081318

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