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Arrowroot Acquisition Corp

0.289

+0.030 (+11.57%)

Last Update: 16 Apr 2024 23:00:00

Yesterday: 0.2594

Day's Range: 0.241 - 0.3

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Arrowroot Acquisition Corp is a special purpose acquisition company (SPAC) that was formed in 2020 with the goal of acquiring and merging with a technology company. The company is based in New York and is led by CEO Atif Qadir and Chairman John M. Ralston.

Arrowroot Acquisition Corp raised $240 million in its initial public offering (IPO) in October 2020. The company's target market is the enterprise software and technology sectors, and it seeks to identify and acquire a company with a strong market position and growth potential.

As a SPAC, Arrowroot Acquisition Corp has a limited timeframe to identify a suitable acquisition target and complete a merger. If the company is unable to complete a merger within the specified timeframe, it will have to return the funds raised in its IPO to its investors.

Overall, Arrowroot Acquisition Corp is a relatively new company with a focus on acquiring a promising technology company and helping it grow through a merger.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.

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