secwatch.observer — SEC 8-K summary
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Issuer:     iLearningEngines, Inc. (—)
CIK:        0001835972
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001213900-24-002288
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835972/000121390024002288/0001213900-24-002288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835972/000121390024002288/ea191247-8k_arrowrootacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-002288

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