Arrowroot Acquisition Corp.
ARRWW
NASDAQ Capital Market0.29
USD
+0.03
- -
CIK
0001835972
ISIN
US04282M1100
CUSIP
04282M110
Return %
Stock
S&P500
1Y
48.36
26.84
3Y
-47.44
77.03
5Y
15.60
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Matthew J. Safaii
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4553 Glencoe Avenue Marina del Rey CA United States of America 90292
- IPO Date
- Apr 22, 2021
- CIK
- 0001835972
- Website
- arrowrootcapital.com
- Similar Companies
- Business
- Arrowroot Acquisition Corp. (ARRWW) operates as a special purpose acquisition company sponsored by Arrowroot Capital Management; it pursues mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations primarily targeting enterprise software and technology-driven platforms; core activities encompass comprehensive due diligence, strategic negotiations and capital deployment to facilitate transformative transactions without generating traditional operating revenue. The company offers investors warrants (ARRWW) linked to its merger strategy, providing leveraged exposure to successful business combinations in high-growth sectors like enterprise software solutions; it emphasizes rigorous target evaluation across technology inflection points, leveraging management expertise in capital markets and industry networks. Founded in 2020 and headquartered in Marina del Rey, California, Arrowroot focuses on North American and global opportunities in regulated industries such as healthcare, education and government. In April 2024, Arrowroot completed its business combination with iLearningEngines, Inc., an AI-powered learning automation provider, at a pro forma enterprise value of $1.4 billion following over 97% shareholder approval; the merged entity trades as iLearningEngines, Inc. (AILE) with warrants under AILEW on Nasdaq, rendering ARRWW legacy warrants tied to the prior SPAC structure. Arrowroot went public via IPO in March 2021, raising $287.5 million, led by CEO Matthew Safaii and underwritten by Cantor Fitzgerald; post-merger, its units (ARRWU) suspended trading in April 2024 while transitioning to the new ticker configuration.