iLearningEngines, Inc.: Nasdaq/NYSE listing notice — iLearningEngines places CEO and other execs on leave; receives Nasdaq non-compliance notice

iLearningEngines, Inc.

CEO Harish Chidambaran, ex-CFO Naqvi, President Arackal, SVP Parameswaran, VP Chary placed on administrative leave during internal investigation.
Thomas Olivier appointed Interim CEO and interim principal executive officer.
Nasdaq notice for late Q3 10-Q; must submit compliance plan by Feb 3, 2025; exception possible until May 19, 2025.
Special Committee investigation into Hindenburg Research allegations ongoing; update expected upon completion.
Delisting risk if compliance not regained; company may request hearing if Nasdaq rejects plan.

item 3.01 item 5.02 item 7.01 item 5.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

iLearningEngines, Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

December 4, 2024, iLearningEngines , Inc. (the “ Company ”) received a delinquency notification letter (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that due to the delay in filing the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 (the “ Form 10-Q ”), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “ Rule ”), which requires listed companies to timely file all periodic financial reports with the Securities and Exchange Commission (the “ SEC ”). The Notice

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Source: SEC EDGAR

accession 0001213900-24-107134

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