Form 8-K - Current report
13 January 2024 - 8:30AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
January 5, 2024
ARROWROOT ACQUISITION CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware |
|
001-40129 |
|
85-3961600 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
4553 Glencoe Ave, Suite 200
Marina Del Rey, California 90292
(Address of principal executive office) (Zip Code)
(310) 566-5966
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name, former address and former fiscal
year, if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one redeemable warrant |
|
ARRWU |
|
The Nasdaq Stock Market LLC |
Shares of Class A common stock included as part of the units |
|
ARRW |
|
The Nasdaq Stock Market LLC |
Redeemable warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 |
|
ARRWW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On January 8, 2024, Arrowroot Acquisition Corp. (the “Company”)
received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company
failed to hold an annual meeting of stockholders within 12 months after its fiscal year ended December 31, 2022, as required by Nasdaq
Listing Rule 5620(a). In accordance with Nasdaq Listing Rule 5810(c)(2)(G), the Company has 45 calendar days (or until February 22, 2024)
to submit a plan to regain compliance and, if Nasdaq accepts the plan, Nasdaq may grant the Company up to 180 calendar days from its fiscal
year end, or until June 28, 2024, to regain compliance. The Company intends to submit a compliance plan within the specified period. While
the compliance plan is pending, the Company’s securities will continue to trade on Nasdaq.
If Nasdaq does not accept the Company’s
plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
ARROWROOT ACQUISITION CORP. |
|
|
|
Dated: January 12, 2024 |
By: |
/s/ Matthew Safaii |
|
Name: |
Matthew Safaii |
|
Title: |
Chief Executive Officer |
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Entity File Number |
001-40129
|
Entity Registrant Name |
ARROWROOT ACQUISITION CORP.
|
Entity Central Index Key |
0001835972
|
Entity Tax Identification Number |
85-3961600
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
4553 Glencoe Ave
|
Entity Address, Address Line Two |
Suite 200
|
Entity Address, City or Town |
Marina Del Rey
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
90292
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310
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Local Phone Number |
566-5966
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Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one redeemable warrant |
|
Title of 12(b) Security |
Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one redeemable warrant
|
Trading Symbol |
ARRWU
|
Security Exchange Name |
NASDAQ
|
Shares of Class A common stock included as part of the units |
|
Title of 12(b) Security |
Shares of Class A common stock included as part of the units
|
Trading Symbol |
ARRW
|
Security Exchange Name |
NASDAQ
|
Redeemable warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 |
|
Title of 12(b) Security |
Redeemable warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
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Trading Symbol |
ARRWW
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Security Exchange Name |
NASDAQ
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