MARINA
DEL REY, Calif., Feb. 9, 2024
/PRNewswire/ -- Arrowroot Acquisition Corp.
("Arrowroot" or the "Company") (NASDAQ:
ARRWU, ARRW, ARRWW) today announced that its special meeting of
stockholders ("Special Meeting") will be postponed
from its scheduled time of 9:00 a.m. Eastern
Time on February 12, 2024 to
9:00 a.m. Eastern Time on
February 22, 2024. The Special
Meeting can still be accessed virtually by visiting
www.virtualshareholdermeeting.com/ARRW2024SM. You will need
the 12-digit meeting control number that is printed on your proxy
card to enter the Special Meeting. The record date for the Special
Meeting remains January 18, 2024.
Stockholders who have previously submitted their proxies or
otherwise voted and who do not want to change their vote need not
take any action. Stockholders as of the record date can vote, even
if they have subsequently sold their shares. Any stockholders who
wish to change their vote and need assistance should contact Okapi
Partners LLC at (212) 297-0720, or info@okapipartners.com. In
connection with the postponement of the Special Meeting, the
Company has extended the deadline of holders of the Company's
common stock issued in its initial public offering (the
"Public Shares") to submit their Public Shares for
redemption until 5 p.m. Eastern Time
on February 20, 2024. Stockholders
who wish to withdraw their previously submitted redemption requests
may do so prior to the rescheduled meeting by requesting that the
transfer agent return such Public Shares prior to 9 a.m. Eastern Time on February 22, 2024.
About Arrowroot
Arrowroot Acquisition Corp. is a special purpose acquisition
company formed for the purpose of effecting a merger, stock
purchase or similar business combination with one or more
businesses. The management team is led by Matthew Safaii, as Chief Executive Officer, and
Thomas Olivier, as President and
Chief Financial Officer, each with decades of experience
identifying, evaluating, advising and investing in transformational
growth companies in the technology sector. While the Company
intends to evaluate opportunities in many sectors, it believes the
diverse experience and extensive relationship network of its
management team, board and sponsor will drive particularly
attractive investment opportunities in the enterprise software
sector.
Participants in the Solicitation
The Company and iLearningEngines
("iLearningEngines"), and their respective directors
and executive officers, and other members of their management and
employees, under SEC rules, may be deemed participants in the
solicitation of proxies of the Company's stockholders in respect of
the proposed business combination transaction involving Arrowroot
and iLearningEngines (the "Proposed Business
Combination"). Information about the directors and
executive officers of the Company is set forth in the Company's
filings with the SEC. Information about the directors and executive
officers of iLearningEngines and more detailed information
regarding the identity of all potential participants, and their
direct and indirect interests by security holdings or otherwise,
will be set forth in the definitive proxy statement/prospectus for
the Proposed Business Combination. Additional information regarding
the identity of all potential participants in the solicitation of
proxies to the Company's stockholders in connection with the
Proposed Business Combination and other matters to be voted upon at
the special meeting, and their direct and indirect interests, by
security holdings or otherwise, will be included in the definitive
proxy statement/prospectus, when it becomes available. Such
interests may, in some cases, be different from those of
iLearningEngines' or the Company's stockholders generally.
No Offer or Solicitation
This press release relates to a proposed transaction between
iLearningEngines and ARRW. This press release does not constitute
an offer to sell or exchange, or the solicitation of an offer to
buy or exchange, any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, sale or
exchange would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the U.S. Securities Act of 1933,
as amended.
Additional Information
This press release is being made in respect of the proposed
business combination transaction involving Arrowroot and
iLearningEngines, Inc. (such transaction, the "Proposed
Business Combination"). This press release may be deemed to
be solicitation material in respect of the Proposed Business
Combination. The Proposed Business Combination will be submitted to
the Company's stockholders for their consideration. A full
description of the terms of the Proposed Business Combination is
provided in the Registration Statement that includes a preliminary
prospectus with respect to the combined company's securities to be
issued in connection with the Proposed Business Combination and a
preliminary proxy statement with respect to the shareholder meeting
of the Company to vote on the Proposed Business Combination. The
Company urges its investors, stockholders and other interested
persons to read the Registration Statement, including the
preliminary proxy statement/prospectus, amendments thereto as well
as other documents filed with the SEC because these documents will
contain important information about the Company, iLearningEngines
and the Proposed Business Combination. After the Registration
Statement is declared effective, the definitive proxy
statement/prospectus to be included in the Registration Statement
will be mailed to stockholders of the Company as of a record date
to be established for voting on the Proposed Business Combination.
Once available, stockholders will also be able to obtain a copy of
the Registration Statement, including the proxy
statement/prospectus, and other documents filed with the SEC
without charge, by directing a request to: Arrowroot Acquisition
Corp., 4553 Glencoe Ave, Suite 200, Marina Del Rey, California 90292. The
preliminary and definitive proxy statement/prospectus to be
included in the Registration Statement, once available, can also be
obtained, without charge, at the SEC's website
(http://www.sec.gov).
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE BUSINESS COMBINATION OR THE ACCURACY OR ADEQUACY OF THE
INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.
View original
content:https://www.prnewswire.com/news-releases/arrowroot-acquisition-corp-announces-postponement-of-special-meeting-of-stockholders-302058874.html
SOURCE Arrowroot Capital Management, LLC