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iLearningEngines Holdings ( (AILEQ) ) just unveiled an announcement.
iLearningEngines Holdings has filed for Chapter 11 bankruptcy, with its affiliated entities seeking relief under the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company is working to continue its operations as debtors-in-possession, while a hearing is scheduled to discuss various motions aimed at maintaining business stability. Additionally, iLearningEngines has engaged CR3 Partners to provide a chief restructuring officer to oversee the restructuring process. This move is intended to ensure the company’s continued operation and to address liquidity and valuation issues. The company has warned stakeholders about the speculative nature of trading its securities during the ongoing bankruptcy process.
More about iLearningEngines Holdings
YTD Price Performance: -35.48%
Average Trading Volume: 11,601,584
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.23M
See more data about AILEQ stock on TipRanks’ Stock Analysis page.