iLearningEngines (AILE) Files Chapter 11
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iLearningEngines Voluntarily Initiates Chapter 11 Proceedings
December 23, 2024 8:00 AM ESTCompany Seeks To Reorganize Its Finances While Continuing to Operate Its Business
BETHESDA, Md., Dec. 23, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (iLearningEngines, ILE or the Company), a leader in AI-powered learning and work automation, today announced that on December 20, 2024 the Company voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware (the Court).
The Company will seek Court approval to continue operating on a business as usual basis during the proceedings and intends to continue to provide support to its installed customer base that... More
