Arrowroot Acquisition Corp. Shareholders Approve Previously Announced Business Combination With iLearningEngines, Inc.
Portfolio Pulse from Benzinga Newsdesk
Arrowroot Acquisition Corp. (NASDAQ:ARRW) shareholders approved the business combination with iLearningEngines, Inc., a leader in AI-powered learning automation. Over 97% of Arrowroot's shares voted in favor of the merger, which is expected to close following the satisfaction of all conditions. The combined entity will operate as iLearningEngines, Inc. and plans to list on Nasdaq under the ticker 'AILE', with warrants under 'AILEW', subject to closing and Nasdaq requirements.
April 01, 2024 | 8:14 pm
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Arrowroot Acquisition Corp.'s shareholders approved the merger with iLearningEngines, Inc., with over 97% support. The combined company will list on Nasdaq as 'AILE'.
The overwhelming approval of the merger by Arrowroot's shareholders and the subsequent listing of the combined entity under a new ticker symbol 'AILE' on Nasdaq are strong positive signals. This approval moves the company closer to completing the merger, which could lead to increased investor interest and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100