secwatch.observer — SEC 8-K summary
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Issuer:     iLearningEngines, Inc. (—)
CIK:        0001835972
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001213900-24-023067
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835972/000121390024023067/0001213900-24-023067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835972/000121390024023067/ea0201913-8k_arrowroot.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-023067

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