iLearningEngines Holdings (AILE) just unveiled an update.
iLearningEngines Holdings, Inc. has amended its loan agreement to increase its credit limit from $40 million to $60 million, with Valley National Bank joining as a new lender. This move, which also includes a minimum liquidity requirement of maintaining $12 million in cash and cash equivalents, was followed by the company drawing the full $20 million in additional funds made available through the amendment. An accompanying press release was issued to announce these financial developments.
See more insights into AILE stock on TipRanks’ Stock Analysis page.
