---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-109019"
form_type: "8-K/A"
ticker: null
cik: "0001835972"
company_name: "iLearningEngines, Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:05:06.828177+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# iLearningEngines CEO placed on leave; Nasdaq non-compliance notice received

## Summary
- CEO Harish Chidambaran, President Balakrishnan Arackal, and three other execs placed on administrative leave pending internal investigation related to Hindenburg allegations.
- Thomas Olivier appointed Interim CEO; previously Interim COO and managing director at Arrowroot Capital.
- Nasdaq non-compliance notice for failure to file Q3 10-Q; company has until Feb 3, 2025 to submit compliance plan.
- Delisting risk if plan not accepted or compliance not regained by exception deadline May 19, 2025.
- Special Committee continues investigating revenue validation, VAR partnerships, and claims from short-seller report.

## SEC filing metadata
- accession: 0001213900-24-109019
- form_type: 8-K/A
- cik: 0001835972
- company_name: iLearningEngines, Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 5.02, 7.01, 5.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835972/000121390024109019/0001213900-24-109019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835972/000121390024109019/ea0224714-8ka1_ilearning.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-109019
- JSON: https://secwatch.observer/filing/0001213900-24-109019.json
- Plain text: https://secwatch.observer/filing/0001213900-24-109019.txt

## Key facts
- Listing & Compliance Notices
  iLearningEngines, Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: late filing
  - Rules: 5250(c)(1)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024109019/0001213900-24-109019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.