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iLearning Engines, Inc. 8-K Report: Key Insights from December 20, 2024 Filing

$AILE
Form 8-K
Filed on: 2024-12-23
Source
iLearning Engines, Inc. 8-K Report: Key Insights from December 20, 2024 Filing

Based on the provided section of the financial report, here are the key insights and important information extracted:

  1. Entity Identification:
  • Entity Name: iLearning Engines, Inc.
  • CIK (Central Index Key): 0001835972
  • SEC Filing Type: 8-K
  • Filing Date: December 20, 2024
  1. Stock Information:
  • Common Stock: Par value of $0.0001 per share.
  • Warrants: Each whole warrant is exercisable for one share of common stock at an exercise price of $11.50 per share.
  • Stock Symbol:
    • Common Stock: AILE (NASDAQ)
    • Warrants: AILEW (NASDAQ)
  1. Location:
  • Address: 6701 Democracy Blvd, Suite 300, Bethesda, MD 20817
  • Contact Number: 650-248-9874
  1. Reporting Period:
  • Report Date: The report covers a single day, December 20, 2024.
  1. Units of Measurement:
  • The report references financial figures in USD (United States Dollars) and shares.
  1. Stock Classifications:
  • The report includes explicit classification for both common stock and warrants, indicating detailed tracking of equity instruments.

Insights:

  • The company is currently active in the market with its common stock and warrants trading on NASDAQ, which may suggest a level of investor interest and liquidity.
  • The warrants, with a specific exercise price, could represent potential future dilution of shares if exercised, which is a point of consideration for current shareholders.
  • The very low par value of common stock ($0.0001) suggests that the company may have a high number of shares outstanding, typical of companies that have gone through rounds of financing or restructuring.

This information may be useful for investors assessing the company's financial health, equity structure, and market positioning.