secwatch.observer — SEC 8-K summary
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Issuer:     iLearningEngines, Inc. (—)
CIK:        0001835972
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001213900-24-021409
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Arrowroot Acquisition Corp. receives Nasdaq delisting notice; plans to request hearing to avoid suspension
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- Nasdaq notified Arrowroot on March 5, 2024 that trading would be suspended March 14 unless a hearing is requested by March 12.
- The delisting threat stems from failure to meet Nasdaq IM-5101-2 requiring a SPAC to complete a business combination within 36 months of IPO.
- Arrowroot submitted a compliance plan on Feb 22, 2024 for failing to hold annual meeting (Rule 5620(a)), but still faces deadline issues.
- The company intends to request a hearing to stay suspension and argues it needs time to close its proposed merger with iLearningEngines.
- There is no assurance of regaining compliance despite the hearing request.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835972/000121390024021409/0001213900-24-021409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835972/000121390024021409/ea0201530-8k425_arrow.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-021409

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