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iLearningEngines Special Committee Provides Update

iLearningEngines, Inc. (AILE) 
Company Research Source: GlobeNewswire
Announces Management Actions Company Receives Letter of Non-Compliance from Nasdaq BETHESDA, Md., Dec. 10, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines,” “ILE” or the “Company”), a leader in AI-powered learning and work automation, today provided an update from the Special Committee (as defined below), including management actions and the receipt of a Non-Compliance Letter from Nasdaq. As previously disclosed, on September 5, 2024, the Board of Directors (the “Board”) of the Company formed a special committee of the Board (the “Special Committee”), consisting of independent directors, to oversee, among other matters, an internal investigation (the “Investigation”) conducted by outside counsel with respect to allegations raised in a report issued on August 29, 2024 by Hindenburg Research LLC. Special Committee Update Since its creation, the independent Special Committee and its advisors have been focused on validating the Company’s rev Show less Read more
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