iLearningEngines Releases Statement on Short Seller Report

BETHESDA, Md., Aug. 29, 2024 (GLOBE NEWSWIRE) — 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 allegations made in a short seller report issued on August 29, 2024:

Today a report was published with a number of allegations about our activities and reporting. The party that published the report has revealed that they are short ILE shares. They are known for this type of attack and this one is clearly designed to profit from a drop in ILE’s share 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 within it, and that investors should assume that the author of the report “will realise significant profits” in the event that our share price changes.