{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-111529","form_type":"8-K","ticker":null,"cik":"0001835972","company_name":"iLearningEngines, Inc.","filed_at":"2024-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.933200+00:00","generated_at":"2026-05-28T23:47:37.171918+00:00","sec_items":["1.03","2.04","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"iLearningEngines files Chapter 11 bankruptcy; $54M debt outstanding; warns of stockholder loss","bullets":["Voluntary Chapter 11 petition filed in Delaware Bankruptcy Court on December 20, 2024.","Approximately $54M outstanding under East West Bank Revolving Facility ($36M to East West, $18M to Valley National).","Company will continue operating as debtor-in-possession; seeks to reorganize finances.","Interim CEO Tom Olivier (appointed Dec 5, 2024) stated hope to emerge stronger.","Company warns stockholders could experience significant or complete loss of investment."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-111529","json":"https://secwatch.observer/filing/0001213900-24-111529.json","markdown":"https://secwatch.observer/filing/0001213900-24-111529.md","text":"https://secwatch.observer/filing/0001213900-24-111529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1835972/000121390024111529/0001213900-24-111529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1835972/000121390024111529/ea0225698-8k_ilearning.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:47:37.171918+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dc65b1a973632b0543599782f96ef74ab48e61d1","claim":"iLearningEngines, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-12-20).","evidence_excerpt":"On December 20, 2024, iLearningEngines, Inc. (the “Company”) and its affiliated entity, iLearningEngines Holdings, Inc. (“Holdings,” and together with the Company, the “Debtors”) , filed a voluntary petition (the “Chapter 11 Case”) for relief under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101-1532 (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835972/000121390024111529/0001213900-24-111529-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2024-12-20"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}