MARINA DEL REY, Calif.,
April 22, 2021 /PRNewswire/
-- Arrowroot Acquisition Corp. (Nasdaq: ARRWU) (the "Company")
announced today that, commencing April 22,
2021, holders of the units sold in the Company's initial
public offering of 250,000,000 units, completed on
March 4, 2021, may elect to
separately trade the shares of Class A common stock and warrants
included in the units. Those units not separated will continue to
trade on The Nasdaq Stock Market LLC ("Nasdaq") under the symbol
"ARRWU," and the Class A ordinary shares and warrants that are
separated will trade on the Nasdaq under the symbols "ARRW" and
"ARRWW," respectively. Holders of units will need to have their
brokers contact Continental Stock Transfer & Trust Company, the
Company's transfer agent, in order to separate the units into
shares of Class A common stock and warrants. No fractional warrants
will be issued.
The units were initially offered by the Company in an
underwritten offering. Cantor acted as sole book-running manager
and representative of the underwriters for this offering. A
registration statement relating to the units and the underlying
securities was declared effective by the Securities and Exchange
Commission (the "SEC") on March 1,
2021.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering was
made only by means of a prospectus. Copies of the final prospectus
related to the offering may be obtained from: Cantor Fitzgerald
& Co., Attention: Capital Markets, 4 99 Park Avenue, 5th Floor
New York, New York 10022; Email:
prospectus@cantor.com. Copies of the registration statement
can be accessed through the SEC's website at www.sec.gov.
About Arrowroot Acquisition Corp.
Arrowroot
Acquisition Corp. is a special purpose acquisition company formed
for the purpose of effecting a merger, stock purchase or similar
business combination with one or more businesses. The management
team is led by Matthew Safaii, as
Chief Executive Officer, and Thomas
Olivier, as President and Chief Financial Officer, each with
decades of experience identifying, evaluating, advising and
investing in transformational growth companies in the technology
sector. While the Company intends to evaluate opportunities in many
sectors, it believes the diverse experience and extensive
relationship network of its management team, board and sponsor will
drive particularly attractive investment opportunities in the
enterprise software sector.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the anticipated use of the net proceeds. No assurance can be given
that the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and prospectus for the Company's offering filed with the
SEC. Copies are available on the SEC's website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
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SOURCE Arrowroot Acquisition Corp.