Item 8.01. Other Events.
On March 4, 2021, Arrowroot Acquisition Corp. (the "Company") consummated an
initial public offering (the "IPO") of 28,750,000 units (the "Units"), including
3,750,000 Units as a result of the underwriters' full exercise of their
over-allotment option, at an offering price of $10.00 per Unit and a private
placement with Arrowroot Acquisition LLC of 8,250,000 private placement warrants
at a price of $1.00 per warrant (the "Private Placement"). The net proceeds from
the IPO together with certain of the proceeds from the Private Placement,
$287,500,000 in the aggregate (the "Offering Proceeds"), were placed in a trust
account established for the benefit of the Company's public shareholders and the
underwriters of the IPO with Continental Stock Transfer & Trust Company acting
as trustee.
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An audited balance sheet as of March 4, 2021 reflecting receipt of the Offering
Proceeds has been issued by the Company and is included as Exhibit 99.1 to this
Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Audited Balance Sheet
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