| Name | Value |
|---|---|
| Revenues | 0.0K |
| Cost of Revenue | 0.0K |
| Gross Profit | 0.0K |
| Operating Expense | 355.5K |
| Operating I/L | -355.5K |
| Other Income/Expense | 1,469.9K |
| Interest Income | 1,229.9K |
| Pretax | 1,114.3K |
| Income Tax Expense | 244.0K |
| Net Income/Loss | 870.3K |
Arrowroot Acquisition Corp. is a blank check company that was incorporated in 2020. As a special purpose acquisition company (SPAC), its primary business is to raise capital through an initial public offering (IPO) and then use those funds to acquire or merge with an existing company. The target company benefits from a faster and less complex process of going public, while Arrowroot Acquisition Corp. gains potential returns from the successful acquisition. This business model allows Arrowroot Acquisition Corp. to generate revenue through the acquisition and subsequent growth of the target company.