ScanTech AI Systems Appoints Berkowitz Pollack Brant Advisors + CPAs as Independent Auditor to Support Enhanced Governance and Regulatory Compliance Initiatives

Core Viewpoint - ScanTech AI Systems Inc. has appointed Berkowitz Pollack Brant Advisors + CPAs as its independent registered public accounting firm for the fiscal year ending December 31, 2025, as part of its strategy to enhance financial reporting and internal controls [1][2][3] Group 1: Auditor Appointment - The engagement of BPB is a step towards strengthening financial reporting and advancing Nasdaq re-compliance [2] - The appointment aligns with the company's governance initiatives and commitment to transparent financial reporting [3] Group 2: Financial Strategy - ScanTech AI has entered into a purchase agreement with ARC Group International Ltd., which includes a commitment of up to $50 million via an Equity Line of Credit, contingent upon SEC registration [4] - The combination of enhanced audit oversight and strategic financing is aimed at improving financial stability and supporting long-term growth objectives [4] Group 3: Company Overview - ScanTech AI has developed advanced non-intrusive 'fixed-gantry' CT screening technologies that utilize AI and machine learning to detect hazardous materials [5] - The company's solutions are designed for various high-security environments, including airports, seaports, and government buildings [5]