iLearningEngines, Inc.: going-concern / distress — iLearningEngines files Chapter 11; appoints CR3 CRO Winston Mar

iLearningEngines, Inc.

Filed Chapter 11 on Dec 20, 2024; subsidiary in2vate filed Jan 9, 2025.
Hearing Jan 13, 2025 for motions on cash collateral, employee obligations, bank accounts.
Engaged CR3 Partners; Winston Mar as CRO at $1,295/hour.
Company warns stockholders may face significant or complete loss.

item 1.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Winston Mar

Chief Restructuring Officer

iLearningEngines, Inc.

Effective: 2024-12-27
Filed: January 13, 2025, 6:59 PM ET

Pursuant to the Agreement, Winston Mar, a Senior Managing Director/Partner of CR3 will serve as the CRO.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

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

Exact text from the filing

on December 20, 2024, iLearningEngines, Inc. (the “Company”) and its affiliated entity, iLearningEngines Holdings, Inc., (“Holdings”), and subsequently on December 27, 2024, iLearningEngines FZ-LLC (together with the Company and Holdings, the “Debtors”), filed a voluntary petition (the “Chapter 11 Cases”) 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

View on SEC.gov

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.7

iLearningEngines, Inc. entered chapter 11 (petition 2024-01-09).

Proceeding: chapter 11
Petition: 2024-01-09

Exact text from the filing

On January 9, 2024, the Company’s subsidiary in2vate, LLC, an Oklahoma limited liability company (also a “Debtor”), filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Winston Mar was appointed as Chief Restructuring Officer at iLearningEngines, Inc..

Action: appointed
Role: Chief Restructuring Officer

Exact text from the filing

Pursuant to the Agreement, Winston Mar, a Senior Managing Director/Partner of CR3 will serve as the CRO.

View on SEC.gov

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Source: SEC EDGAR

accession 0001213900-25-002841

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