Scantech Ai Systems INC

Market Movers (8-K)

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ScanTech AI Systems Inc. resolved a $608,997.31 debt and related lawsuit by issuing 350,000 shares of common stock to Maximcash Solutions LLC.
Worse than expected
Capital raise
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ScanTech AI Systems Inc. has appointed Carr, Riggs & Ingram, LLC as its new independent auditor, replacing Berkowitz Pollack Brant, following the identification of multiple material weaknesses in its internal financial controls.
Worse than expected
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ScanTech AI Systems announced it has regained compliance with Nasdaq's periodic reporting and minimum bid price requirements, with one listing deficiency remaining.
Capital raise
Better than expected
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ScanTech AI Systems Inc. defaulted on a business loan, received a demand for immediate payment, and is addressing Nasdaq listing compliance issues.
Delay expected
Worse than expected
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ScanTech AI Systems Inc. has secured a convertible promissory note of up to $270,900 from Vanquish Funding Group Inc. to bolster its working capital.
Worse than expected
Capital raise
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ScanTech AI Systems Inc. has filed its overdue quarterly report and enacted a 1-for-20 reverse stock split as part of its strategy to regain compliance with Nasdaq listing requirements.

Quarterly Earnings (10-Q)

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ScanTech AI Systems Inc. reported a reduced net loss for the nine months ended September 30, 2025, driven by debt-to-equity conversions, but faces substantial doubt about its going concern status and multiple Nasdaq delisting threats.
Worse than expected
Delay expected
Capital raise
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ScanTech AI Systems Inc. reports increased net losses and significant financial distress, raising substantial doubt about its ability to continue as a going concern, alongside multiple Nasdaq delisting threats.
Worse than expected
Capital raise
Delay expected
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ScanTech AI Systems Inc. filed an amended quarterly report for Q1 2025, restating financials due to multiple errors and revealing significant financial distress, including a going concern warning and Nasdaq delisting threats.
Worse than expected
Delay expected
Capital raise
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ScanTech AI Systems Inc. reported substantial losses and a going concern warning, while facing multiple Nasdaq delisting notices and internal control weaknesses.
Worse than expected
Capital raise
Delay expected
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ScanTech AI Systems Inc. reported significant losses and a going concern warning, while facing multiple Nasdaq delisting threats and a loan default, despite revenue growth.
Delay expected
Worse than expected
Capital raise
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ScanTech AI Systems Inc. reported its first revenue and significantly reduced liabilities through a major debt-to-equity conversion following its Business Combination, yet faces substantial doubt about its ability to continue as a going concern and a Nasdaq delisting threat.
Delay expected
Worse than expected
Capital raise

Annual Reports (10-K)

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ScanTech AI Systems Inc.'s 2024 10-K filing details its business combination, financial performance, risk factors, and future strategies in the security screening market.
Capital raise
Worse than expected

Insider Trading (Form 4)

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Seaport Global Asset Management LLC, a 10% owner of ScanTech AI Systems Inc., reported selling 70,000 shares of common stock.
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Seaport Global Asset Management, a 10% owner and director of ScanTech AI Systems, reported the sale of 3,000 common shares at $4.15 each.
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Seaport Global Asset Management LLC, a 10% owner and director of ScanTech AI Systems Inc., reported the sale of 3,100 shares of common stock under a Rule 10b5-1 plan.
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Seaport Global Asset Management LLC, a 10% owner of ScanTech AI Systems Inc., reported sales of common stock totaling 143,628 shares in late October 2025.
Worse than expected
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Seaport Global Asset Management, a 10% owner and director of ScanTech AI Systems Inc., reported the sale of 125,000 common shares at $0.7252 each.
Worse than expected
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Seaport Global Asset Management sold 115,000 shares of ScanTech AI Systems common stock for $0.5076 per share, reducing its indirect beneficial ownership to 16,427,973 shares.

Proxy Statements (Def-14A)

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ScanTech AI Systems Inc. proposes a reverse stock split, expanded equity plan, and a $50 million equity line of credit to address Nasdaq listing deficiencies and fund operations.
Capital raise
Worse than expected

New Public Companies (S-1)

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ScanTech AI Systems Inc. is registering shares for resale by existing holders, while grappling with significant operating losses, a going concern warning, and multiple Nasdaq delisting notices.
Delay expected
Capital raise
Worse than expected
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ScanTech AI Systems Inc. has filed a registration statement for the resale of up to 5,372,177 shares of its common stock by selling securityholders.

Schedule 13D - Activist Investments

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Seaport Global Asset Management and related entities reported a slight reduction in their beneficial ownership of ScanTech AI Systems Inc. common stock.
Worse than expected
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Seaport Global Asset Management and affiliates updated their beneficial ownership in ScanTech AI Systems Inc. to 21.3% following a one-for-twenty reverse stock split and minor share sales.
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Seaport Global Asset Management and affiliates reported a 22.9% beneficial ownership stake in ScanTech AI Systems Inc. following a business combination and various share acquisitions.
Capital raise
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Seaport Global Asset Management LLC, through its managed fund SIBS, has acquired a 43.1% beneficial ownership stake in ScanTech AI Systems Inc. following a business combination and conversion of various financing instruments.
Capital raise

Schedule 13G - Passive Investments

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Polar Asset Management Partners Inc. filed an amended Schedule 13G, reporting a 0% beneficial ownership stake in Scantech AI Systems Inc. as of December 31, 2025.
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Shanchun Huang has reported a passive beneficial ownership of 5.49% of ScanTech AI Systems Inc.'s common stock, totaling 2,438,599 shares.
Better than expected
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York Capital Management Global Advisors, LLC has reported a 6.6% beneficial ownership stake in ScanTech AI Systems Inc., holding 1.7 million shares of common stock.
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Polar Asset Management Partners Inc. has filed a Schedule 13G, revealing a 7.2% beneficial ownership stake in Scantech AI Systems Inc.'s common stock as of March 31, 2025.
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Silverback Capital Corporation has filed a Schedule 13G, reporting no beneficial ownership in ScanTech AI Systems Inc. as of February 12, 2025.
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Silverback Capital Corporation has filed a Schedule 13G, revealing a passive beneficial ownership of 6.41% of ScanTech AI Systems Inc.'s common stock.