Arrowroot Acquisition Corp. and iLearningEngines Announce Registration Statement Filing for Proposed Business Combination

Bethesda, MD, Marina Del Rey, Calif. - Arrowroot Acquisition Corp. (NASDAQ:ARRW) and iLearningEngines, Inc. have announced the filing of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC) in connection with their proposed business combination. This strategic merger aims to capitalize on the expertise of both companies and create a dominant force in the AI-powered learning automation and information intelligence industry.

iLearningEngines is a market leader in cloud-based, AI-driven training for enterprises. The company's platform enables businesses to transform their enterprise knowledge into scalable, outcome-based training programs. With a strong presence in regulated industries such as healthcare, education, insurance, retail, and more, iLearningEngines is well-positioned for continued growth and innovation.

Arrowroot Acquisition Corp., a special purpose acquisition company sponsored by Arrowroot Capital, specializes in enterprise software investments. The company's goal is to effect a merger or business combination with a high-potential business in the technology sector.

Upon the successful completion of the transaction, the combined entity will be named iLearningEngines, Inc. and is expected to be listed on the NASDAQ under the ticker symbol "AILE." This move will create significant value for both companies and their shareholders, leveraging iLearningEngines' technological expertise and Arrowroot's financial backing.

The proposed business combination is subject to regulatory approvals and customary closing conditions, including shareholder approval from Arrowroot Acquisition Corp. shareholders. Once the necessary approvals are obtained, the definitive proxy statement and prospectus will be mailed to shareholders, providing further details about the transaction.

This announcement comes as a significant milestone for both companies. iLearningEngines' proven track record of growth and innovation, combined with Arrowroot's expertise in enterprise software investments, sets the stage for a successful partnership that will drive the future of AI-powered learning automation.

The global e-learning and AI systems market continues to experience tremendous growth, fueled by the increasing demand for scalable, technology-driven training solutions. By combining their resources, iLearningEngines and Arrowroot aim to capture a significant portion of this expanding market and deliver cutting-edge learning automation and intelligence solutions to businesses worldwide.

Forward-looking statements within this press release highlight the potential benefits of the proposed business combination. However, it is important to note that forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the projections and expectations expressed in this press release.

Arrowroot Acquisition Corp. and iLearningEngines urge investors, shareholders, and other interested parties to review the registration statement on Form S-4 and other relevant documents filed with the SEC. These documents provide comprehensive information about the transaction and the companies involved.

This communication solely serves informational purposes and does not constitute an offer or invitation for the sale or purchase of securities. It is not intended as a solicitation of any vote, consent, or approval. Any sale, issuance, or transfer of securities must comply with applicable laws.

The directors and executive officers of Arrowroot Acquisition Corp. and iLearningEngines may be deemed participants in the solicitation of proxies from Arrowroot Acquisition Corp. shareholders regarding the proposed business combination. Additional details about these participants and their interests are provided in the definitive proxy statement and prospectus.

In conclusion, Arrowroot Acquisition Corp. and iLearningEngines are poised to create a powerful force in the AI-powered learning automation and information intelligence industry. With their combined expertise, innovative technologies, and a strong focus on customer success, the future looks promising for iLearningEngines, Inc.