The Technology and Special Purpose Acquisition Companies teams advised Arrowroot Acquisition Corp. (formerly NASDAQ: ARRW, ARRWU, ARRWW) on the completion of its acquisition of iLearningEngines. The combined company’s common stock and warrants began trading on the Nasdaq Capital Market under the ticker symbol “AILE” and “AILEW”, respectively, on April 17, 2024.
Arrowroot Acquisition Corp. is a special purpose acquisition company formed for the purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
iLearningEngines is a leading cloud-based, AI driven mission critical training platform for enterprises. iLearningEngines has consistently ranked as one of the fastest growing companies in North America on the Deloitte Technology Fast 500.
The Goodwin team was led by John Mutkoski, Jocelyn Arel, Justin Anslow, Sne Sadhu and Wei Xu, and included John Servidio, Yifeng Yuan, Haylee Brown, Sheran Sharafi, Sumin Seo, Loren Goodman, Alex Apostolopoulos, Thomas Underwood, and Erika Pey.
For additional details, please read the closing press release.