Arrowroot Acquisition shareholders approve iLearningEngines combination

Arrowroot Acquisition Corp. and iLearningEngines, a player in AI-powered learning automation and information intelligence for corporate and educational use, announced that Arrowroot’s shareholders voted to approve the previously announced business combination between Arrowroot and iLearningEngines, at the special meeting of Arrowroot’s shareholders held on April 1, 2024. Voters representing over 97% of the issued and outstanding shares of Arrowroot were cast in favor of the proposal in connection with the Business Combination at the Special Meeting. Arrowroot shareholders also voted to approve all other proposals presented at the meeting. Arrowroot plans to file the results of the Special Meeting, as tabulated by the inspector of elections, with the Securities and Exchange Commission on a Current Report on Form 8-K. Upon closing of the Business Combination, which is expected following the satisfaction or waiver of all closing conditions, the combined company intends to operate as iLearningEngines, Inc. and is expected to be listed on Nasdaq under the ticker symbol “AILE”, with warrants under the ticker “AILEW”. The Nasdaq listing is subject to the closing of the Business Combination and fulfillment of all Nasdaq listing requirements.