iLearningEngines, Inc.: Nasdaq/NYSE listing notice — iLearningEngines receives Nasdaq delisting notice after Chapter 11 filing; top executives resign

iLearningEngines, Inc.

Nasdaq will suspend trading of AILE common stock and warrants on Jan 2, 2025; delisting effective upon Form 25-NSE.
Company filed for Chapter 11 bankruptcy on Dec 23, 2024, triggering delisting under Nasdaq Rules 5101, 5110(b), IM-5101-1.
CEO Harish Chidambaran, ex-CFO Farhan Naqvi, President Balakrishnan Arackal, and two other execs resigned from employment Dec 23; Chidambaran and Arackal remain on Board.
Company is cooperating with SEC and DOJ investigations self-reported by a Special Committee; Hindenburg Research allegations prompted internal probe.
Stockholders warned of potential significant or complete loss on investment depending on Chapter 11 outcome.

item 3.01 item 5.02 item 8.01

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 delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).

Exchange: nasdaq
Notice: delisting notice
Rules: 5101, 5110(b), IM-5101-1

Exact text from the filing

December 23, 2024, iLearningEngines , Inc. (the “ Company ”) received a letter (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, in connection with the Company’s December 23, 2024 announcement that it had filed for protection under Chapter 11 of the U.S. Bankruptcy Code, and in accordance with Nasdaq Listing Rules 5101, 5110(b), and IM-5101-1, the Nasdaq Staff had determined to delist the Company’s securities from The Nasdaq Stock Market. The Notice further states that trading in the Company’s common stock and wa

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Source: SEC EDGAR

accession 0001213900-24-112871

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