iLearningEngines, Inc.: going-concern / distress — iLearningEngines Chapter 11 cases converted to Chapter 7; trustee assumes control

iLearningEngines, Inc.

Bankruptcy Court approved conversion to Chapter 7 on March 6, 2025; Chapter 7 trustee appointed.
Trustee now controls iLearningEngines and affiliates; board and executive officers' authority eliminated.
Company warns stockholders may experience significant or complete loss on investment.
Trading in common stock (AILE) and warrants (AILEW) is highly speculative during Chapter 7.

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 7 in United States Bankruptcy Court for the District of Delaware (petition 2025-03-06).

Proceeding: chapter 7
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2025-03-06

Exact text from the filing

On March 6, 2025, the Bankruptcy Court approved the conversion of the Chapter 11 Cases to cases under Chapter 7 of the Bankruptcy Code (the "Chapter 7 Cases").

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Source: SEC EDGAR

accession 0001213900-25-021871

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