---
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"
generated_at: "2026-05-28T23:47:37.171918+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# iLearningEngines files Chapter 11 bankruptcy; $54M debt outstanding; warns of stockholder loss

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-111529
- form_type: 8-K
- cik: 0001835972
- company_name: iLearningEngines, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 2.04, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-111529
- JSON: https://secwatch.observer/filing/0001213900-24-111529.json
- Plain text: https://secwatch.observer/filing/0001213900-24-111529.txt

## Key facts
- Distress & Bankruptcy
  iLearningEngines, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-12-20).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2024-12-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1835972/000121390024111529/0001213900-24-111529-index.htm

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