---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-023067"
form_type: "8-K"
ticker: null
cik: "0001835972"
company_name: "iLearningEngines, Inc."
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T17:50:07.817984+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Arrowroot Acquisition draws additional $50K from sponsor note, total $1.25M outstanding

## Summary
- On March 11, 2024, drew $50K from $2M unsecured promissory note to sponsor Arrowroot Acquisition LLC.
- Total outstanding under note now $1.25M; $750K remains available for future drawdowns.
- Note bears 15% simple interest and matures upon business combination or winding up.
- Prior draws: $700K funded at execution (June 2023) and $500K drawn in September 2023.

## SEC filing metadata
- accession: 0001213900-24-023067
- form_type: 8-K
- cik: 0001835972
- company_name: iLearningEngines, Inc.
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835972/000121390024023067/0001213900-24-023067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835972/000121390024023067/ea0201913-8k_arrowroot.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-023067
- JSON: https://secwatch.observer/filing/0001213900-24-023067.json
- Plain text: https://secwatch.observer/filing/0001213900-24-023067.txt

## Key facts
- Debt Financings
  iLearningEngines, Inc. incurred loan of up to $2,000,000 with Arrowroot Acquisition LLC at fifteen percent (15%) per annum maturing upon closing of a business combination or the date that the winding up of the Company is effective.
  - Instrument: loan
  - Principal: up to $2,000,000
  - Counterparty: Arrowroot Acquisition LLC
  - Rate: fifteen percent (15%) per annum
  - Maturity: upon closing of a business combination or the date that the winding up of the Company is effective
  - Event: incurrence
  source text: Arrowroot Acquisition Corp., a Delaware corporation and blank check company (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of up to $2,000,000 to Arrowroot Acquisition LLC (the “Sponsor”), of which $700,000 was funded by the Sponsor upon execution of the Note. The Note bears simple interest at a rate of fifteen percent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024023067/0001213900-24-023067-index.htm

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