공시 • Feb 12
ScanTech AI Systems Inc.(NasdaqGM:STAI) dropped from S&P TMI Index ScanTech AI Systems Inc.(NasdaqGM:STAI) dropped from S&P TMI Index 공시 • Feb 03
ScanTech AI Systems Launches Collaborative Pilot Program with the City of Atlanta, in Preparation for 2026 FIFA Football World Cup Events ScanTech AI Systems Inc. announced a collaborative pilot program with the City of Atlanta designed to support the city's efforts to enhance safety, improve operational efficiency, and advance infrastructure modernization across select municipal and event facilities ahead of the 2026 FIFA Football World Cup events. Under the agreement, ScanTech AI will provide a technology package based on its Sentinel™? AI CT Scanner System to the city for a defined evaluation period. The Company believes that the project will demonstrate how next-generation capability, combined with AI, can support governmental safety operations and improve the experience of staff and visitors. The Company believes this collaboration reflects Atlanta's commitment to exploring innovative technologies that strengthen security workflows while supporting long-term modernization initiatives. The project will include performance monitoring, operator feedback collection, algorithmic refinements, and the development of best-practice procedures that can inform broader security and operational planning efforts. At the conclusion of the program, ScanTech AI will provide city officials with a summary of findings, insights, and recommended next steps. ScanTech AI's growing portfolio of partnerships reflects its expanding footprint across critical-inf infrastructure environments, including government, transportation, corrections, and nuclear-sector facilities. The company continues to work closely with agencies and operators seeking to leverage AI-enabled security capabilities that improve performance, accelerate processes, and reduce operational friction. This pilot program reflects the Company's continued focus on disciplined execution, operational transparency, and constructive engagement with public-sector partners as it works to strengthen its overall corporate foundation and rebuild investor confidence. 공시 • Dec 11
ScanTech AI Systems Inc. Appoints Michael D.P. Cavanaugh to Board of Directors ScanTech AI Systems Inc. announced that Michael D.P. Cavanaugh has been appointed to its Board of Directors, enhancing the Company’s strategic, operational, and governance capabilities as it advances its commercialization and global expansion initiatives. The Board of Directors has determined that Mr. Cavanaugh is an “independent director” under the applicable rules of The Nasdaq Stock Market LLC and the Securities and Exchange Commission and has appointed him to serve on the Audit Committee and the Compensation Committee of the Board. Mr. Cavanaugh brings more than two decades of executive leadership experience across industrial automation, digital transformation, and global security technology. He currently serves as Chief Executive Officer of KPI Solutions, a leading provider of automation, supply-chain integration, and software-driven operational optimization for enterprise customers. His prior leadership positions at Honeywell, Smiths Group, Safran/Morpho Detection, GE, and Indicor span multibillion-dollar business units covering safety, security, imaging, and advanced inspection technologies — directly aligned with ScanTech AI’s core market segments. His expertise includes AI-enabled operational platforms, SaaS deployment models, predictive analytics, and scaling technology businesses in highly regulated markets such as aviation, nuclear, corrections, and critical infrastructure. Mr. Cavanaugh’s appointment further reinforces ScanTech AI’s momentum following a series of recent strategic and operational achievements, including: Continued expansion in the nuclear and critical-infrastructure sectors, highlighted by strong engagement at the World Nuclear Exhibition (WNE) and successful delivery milestones within security program for a leading North American nuclear power generation group, growing partnerships such as the newly announced collaboration with unival group to support deployment across Europe, the UAE, and Africa, Strengthening of the Company’s financial reporting and governance processes under the oversight of its new independent auditor, Berkowitz Pollack Brant Advisors + CPAs, Progress on its Nasdaq re-compliance roadmap and commercial execution strategy. 공시 • Dec 04
ScanTech AI Systems Inc. Announces Receipt of Staff Delisting Determination from Nasdaq ScanTech AI Systems Inc. announced that on November 26, 2025 (the “Notice”), the Nasdaq Listing Qualifications Department (“Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notified the Company that its securities are subject to delisting from the Nasdaq Global Market. As previously disclosed, on May 27, 2025, Staff notified the Company that the market value of its listed securities had been below the minimum $50,000,000 required for continued listing under Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Rule”) for the previous 30 consecutive trading days. Under Listing Rule 5810(c)(3)(C), the Company was provided 180 calendar days, or until November 23, 2025, to regain compliance with the MVLS Rule. The Company did not regain compliance by that date, and the Notice states that unless the Company requests a hearing before the Nasdaq Hearings Panel (the “Panel”) by December 3, 2025, trading of its common stock will be suspended at the opening of business on December 5, 2025, and Nasdaq will file a Form 25-NSE with the U.S. Securities and Exchange Commission (“SEC”). The Company has requested a hearing before the Panel and paid the associated fee. Because the Notice cites non-compliance with Nasdaq Listing Rule 5250(c)(1) (the “Periodic Reporting Rule”) as an additional basis for the Staff determination, the Company will receive an automatic 15-day stay of suspension under Nasdaq Listing Rule 5815(a)(1)(B) in connection with that deficiency. The Company has also submitted a request for an extended stay of suspension applicable to the full determination, including the MVLS deficiency, pending the outcome of the hearing. At the hearing, the Company intends to present a comprehensive compliance plan addressing both the MVLS Rule and its recent filing status. The Notice also referenced the Company’s failure to timely file its Quarterly Reports on Form 10-Q for the periods ended June 30, 2025 and September 30, 2025. Consistent with Listing Rule 5810(c)(2)(A), the Company is ineligible for Staff to review and accept a compliance plan with respect to these delinquent filings, which serve as a separate basis for delisting. Since the date of the Notice, the Company has filed its amended and restated Form 10-Q/A for the quarter ended March 31, 2025 and its amended and reviewed Form 10-Q/A for the quarter ended June 30, 2025. The Company is in the final stages of preparing its Form 10-Q for the quarter ended September 30, 2025 and expects to file this report as soon as practicable. On November 6, 2025, prior to receiving the Notice, the Company submitted an application to transfer its listing to the Nasdaq Capital Market, where the applicable Market Value of Listed Securities requirement is $35 million. This application remains under review. The Notice does not affect the Company’s day-to-day business operations. The Company remains committed to maintaining its Nasdaq listing and continuing to execute its operational and strategic initiatives. 공시 • Nov 25
ScanTech AI Systems Inc. announced that it expects to receive $19.4 million in funding from ARC Group International Ltd ScanTech AI Systems Inc. announced that it has entered into a non-binding term sheet with new investor, ARC Group International Ltd. to issue subordinated convertible note in the principal amount of $20,000,000 at a discount of 3% and five-year warrants for gross proceeds of $19,400,000 on November 24, 2025. Under the term sheet, the company would have access to up to $6,000,000 upon the initial closing and subsequent tranches of $2,000,000 each are expected to be available every forty-five trading days after the first tranche. The notes will bear interest at the rate of 9% and are convertible into shares of the company's common stock at a price equal to 110% of the closing price of the common stock on the trading day prior to signing the term sheet, subject to a $1.00 per share floor. 