ILearningEngines Shares Tumble as Hindenburg Says It’s Short (2)

(Updates to add company response.)

Shares of iLearningEngines sink by as much as 60% to $1.28 on Thursday, after Hindenburg Research said it was short the stock.

• iLearningEngines, which describes itself as an “Applied AI platform for learning and work automation,” went public in April through a combination with a special purpose acquisition company
• iLearningEngines said in a Thursday press release that it believes the report contains misleading statements
  • Read more: ILearningEngines Believes Report Contains Misleading Statements

--With assistance from Bre Bradham and Dawn McCarty.

To contact the reporters on this story:
Brandon Sapienza in New York at bsapienza@bloomberg.net ...