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iLearning Waits Until After Hours to Waive Lock Up Restrictions

AI play will allow insiders to sell immediately after the SPAC goes public.

April 26, 2024

On the same day it announced it would go public via a SPAC iLearning Inc. (AILE), an AI-powered learning automation and information intelligence platform, revealed it had waived lock-up restrictions for holders of Convertibles and individuals owning 3% or less of the Common.

The disclosure was made after markets closed on a Friday.

On Monday April 29th, more than 13.9 million shares— or approx. 10.3% of shares outstanding— become immediately available for trading.

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