iLearningEngines Faces Bankruptcy, Delisting, and Executive Resignations
An update from iLearningEngines Holdings ( (AILE) ) is now available. iLearningEngines, Inc. has announced that it has filed for Chapter 11 bankruptcy, leading to a decision by the Nasdaq Stock Market to delist its securities. The company is considering appealing this decision, which would temporarily stay the delisting process. The company is also involved in investigations by the SEC and the Department of Justice due to potential legal violations, and several top executives have resigned follo
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iLearningEngines Voluntarily Initiates Chapter 11 Proceedings
Company Seeks To Reorganize Its Finances While Continuing to Operate Its BusinessBETHESDA, Md., Dec. 23, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines,” “ILE” or the “Company”), a leader in AI-powered learning and work automation, today announced that on December 20, 2024 the Company voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware (the “Court”). The Company will seek Court approval to continue ope
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iLearningEngines Special Committee Provides Update
Announces Management Actions Company Receives Letter of Non-Compliance from Nasdaq BETHESDA, Md., Dec. 10, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines,” “ILE” or the “Company”), a leader in AI-powered learning and work automation, today provided an update from the Special Committee (as defined below), including management actions and the receipt of a Non-Compliance Letter from Nasdaq. As previously disclosed, on September 5, 2024, the Board of Directors (the
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iLearningEngines Announces Leadership Appointments
Bonnie-Jeanne Gerety Appointed Interim CFO Thomas Olivier Appointed Interim COO Postpones Announcement of 3rd Quarter 2024 Financial Results BETHESDA, Md., Nov. 18, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines,” “ILE” or the “Company”) a leader in AI-powered learning and work automation, today announced the appointment of Bonnie-Jeanne Gerety as Interim Chief Financial Officer (“CFO”) and the appointment of Thomas Olivier as Interim Chief Operating Officer (“
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iLearningEngines Reinforces Commitment to Optimizing Insurance Business Processes with AI Technology at Key Industry Events This Fall
iLearningEngines’ participation at ITC Vegas in October, and at Insurance Innovators Summit in London in November, will illustrate the Company’s vision for the future of an AI-enabled Insurance IndustryBETHESDA, Md., Oct. 17, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (Nasdaq: AILE) (“iLearningEngines,” “ILE,” or “the Company”), a leader in AI-powered learning and work automation for enterprises, today announced its participation in two leading insurance industry events this fall: ITC Vegas
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