Arrowroot Acquisition in an 8-K said today’s stockholders meeting will be postponed to 9 a.m. Eastern on April 1. This is the fifth time the meeting has been postponed.
Shareholders are expected to vote on the proposed merger with iLearningEngines, an AI-powered learning automation and information intelligence for corporate and educational use.
The deal was announced in April last year at a pro forma implied enterprise value of $1.4 billion, which includes the target’s rollover equity of $1.241 billion.
The agreement includes a minimum cash requirement of $100 million.
The new redemption deadline is 5 p.m. today. Read more.
