ScanTech AI Systems Announces Regained Nasdaq Reporting Compliance and Continued Progress on Re-Compliance and Restructuring Initiatives

Core Viewpoint - ScanTech AI Systems Inc. has regained compliance with Nasdaq Listing Rule 5250(c)(1) following the filing of its Form 10-Q for the quarter ended September 30, 2025, and is actively working on broader compliance initiatives [1][2]. Compliance and Reporting - The company has successfully met the periodic reporting requirement, and this issue has been deemed moot by Nasdaq [2]. - Actions taken to restore compliance include a reverse stock split and timely submissions to the Nasdaq Hearings Panel [3]. Ongoing Compliance Efforts - The company is addressing the Minimum Value of Listed Securities requirement, with a hearing scheduled for January 22, 2026 [4]. - The company's securities remain listed on Nasdaq pending the outcome of the hearings process [4]. Financial Restructuring - The company is evaluating its capital structure and liquidity position, engaging in discussions with creditors regarding potential restructuring or amendments to outstanding obligations [5]. - These discussions are part of a broader strategy to strengthen the company's balance sheet and financial flexibility [5]. Management's Perspective - Management believes that the actions taken reflect significant progress in addressing compliance matters and enhancing governance and reporting discipline [6]. - The company aims to position itself for greater stability as it navigates the remaining stages of the Nasdaq compliance process [6]. Company Overview - ScanTech AI Systems Inc. specializes in advanced non-intrusive 'fixed-gantry' CT screening technologies, utilizing AI and machine learning to detect hazardous materials [7].