---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-002288"
form_type: "8-K"
ticker: null
cik: "0001835972"
company_name: "iLearningEngines, Inc."
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:40:23.290340+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Arrowroot Acquisition draws $160K for seventh and final SPAC extension to Feb 4, 2024

## Summary
- Drew $160,000 under promissory note from sponsor Arrowroot Acquisition LLC to extend business combination deadline by one month to February 4, 2024.
- This is the seventh and final permitted one-month extension; no further extensions available under amended charter.
- Note bears no interest, matures upon closing of initial business combination; if no combination, repaid only from funds outside trust or forfeited.
- Up to $1,760,000 of note principal may be converted into warrants at $1.00 per warrant, identical to private placement warrants.

## SEC filing metadata
- accession: 0001213900-24-002288
- form_type: 8-K
- cik: 0001835972
- company_name: iLearningEngines, Inc.
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835972/000121390024002288/0001213900-24-002288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835972/000121390024002288/ea191247-8k_arrowrootacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-002288
- JSON: https://secwatch.observer/filing/0001213900-24-002288.json
- Plain text: https://secwatch.observer/filing/0001213900-24-002288.txt

## Key facts
- Debt Financings
  iLearningEngines, Inc. incurred loan of aggregate of $160,000 with Arrowroot Acquisition LLC at does not bear interest maturing matures upon closing of the Company’s initial business combination.
  - Instrument: loan
  - Principal: aggregate of $160,000
  - Counterparty: Arrowroot Acquisition LLC
  - Rate: does not bear interest
  - Maturity: matures 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 January 5, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024002288/0001213900-24-002288-index.htm

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