secwatch.observer — SEC 8-K summary
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Issuer:     iLearningEngines, Inc. (—)
CIK:        0001835972
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001213900-23-084012
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrowroot draws $160K to extend merger deadline to Dec 6; releases updated iLearningEngines presentation
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- Arrowroot deposits $160,000 into trust to extend business combination deadline from Nov 6 to Dec 6, 2023.
- This is the fifth of seven permitted one-month extensions under the amended charter.
- Promissory note is non-interest bearing, matures upon closing; up to $1.76M can convert into warrants at $1.00 each.
- Company furnishes updated corporate presentation for proposed merger with iLearningEngines, an AI learning platform.
- iLearningEngines claims 4M users, 400K+ hours R&D, and ranked #5 by Deloitte Tech Fast 500 in 2019.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835972/000121390023084012/0001213900-23-084012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835972/000121390023084012/ea187731-8k_arrowroot.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-084012

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