Arrowroot Acquisition Corp.
AILEW
NASDAQ Global Market0.02
USD
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Arrowroot Acquisition Corp.
AILEW
(NASDAQ Global Market)
Recent
price
0.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Arrowroot Acquisition Corp. (AILEW) operates as warrants associated with a special purpose acquisition company focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, primarily targeting high-growth opportunities in the enterprise software sector; it offers no independent products or services beyond facilitating such transactions. Incorporated in 2020 and headquartered in Marina del Rey, California, the company pursues targets in business-to-business software, including software-as-a-service models, leveraging sponsorship from Arrowroot Capital Management, a private equity firm specializing in enterprise software. In April 2024, Arrowroot completed a reverse merger with iLearningEngines, Inc., a provider of AI-powered learning automation and information intelligence solutions for corporate and educational sectors, resulting in the combined entity trading as iLearningEngines, Inc. under the Nasdaq ticker AILE with public warrants under AILEW; the transaction, approved by over 97% of Arrowroot shareholders on April 1, 2024, and closed on April 16, 2024, included approximately $43 million from Arrowroot's trust account and additional private convertible offerings, marking a significant strategic shift from SPAC to operating AI enterprise software company while maintaining warrant structures for legacy investors.