iLearningEngines (AILE) Special Committee Provides Update

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Go back to iLearningEngines (AILE) Special Committee Provides Update

iLearningEngines Special Committee Provides Update

December 10, 2024 7:30 AM EST

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... More