iLearningEngines Issues Statement on Short Seller Report
August 29 2024 - 2:34PM
iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines” or “ILE”)
a leader in AI-powered learning and work automation for
enterprises, today issued the following statement in response to
claims made in a short seller report issued on August 29, 2024:
Today a report was published that made a number of allegations
regarding our business and reporting. The party that published the
report has disclosed that they are short shares of ILE. They are
known for these types of attacks, and this one is clearly designed
to secure a profit from a decline in ILE’s stock price at the
expense of ILE’s investors. The report states that it makes “no
representation” as to the “accuracy, timeliness or completeness” of
the information contained therein, and that investors should assume
that the author of the report “stands to realize significant gains”
in the event our stock price moves.
We have reviewed the full report and believe it contains
misleading statements, speculations and innuendos. We intend to
respond in the coming days. We remain focused on executing our
business plan and will not be distracted by typical short seller
tactics.
About iLearningEngines
iLearningEngines (Nasdaq: AILE) is a leading Applied AI platform
for learning and work automation. iLearningEngines enables
Enterprises to rapidly productize and deploy a wide range of AI
applications and use cases (AI Engines) at scale.
iLearningEngines is powered by proprietary vertical specific AI
models and data with a flexible No Code AI canvas to drive rapid
out-of-the-box deployment while offering low latency and high
levels of data security and compliance.
Serving over 1,000 enterprise end customers, iLearningEngines is
deployed globally into some of the most demanding vertical markets
including Healthcare, Education, Insurance, Retail, Energy,
Manufacturing and Public Sector to achieve mission critical
outcomes.
For more information about iLearningEngines, please visit:
www.ilearningengines.com.
IR & Press Contacts:Investor Contact:Kevin
Hunt, ICR Inc. iLearningEnginesIR@icrinc.com
Press Contact:Dan Brennan, ICR Inc.iLearningPR@icrinc.com
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