Core Viewpoint - ScanTech AI Systems Inc. is facing potential delisting from Nasdaq due to non-compliance with listing requirements, specifically regarding market value and periodic filing obligations [2][3]. Group 1: Nasdaq Compliance Issues - On February 4, 2026, ScanTech AI received a deficiency notice from Nasdaq indicating that its market value of publicly held shares (MVPHS) was below the required $15 million for 30 consecutive business days [2]. - The company has a 180-day compliance period until August 3, 2026, to regain compliance by maintaining an MVPHS of at least $15 million for ten consecutive business days [2]. - On February 6, 2026, the Nasdaq Hearing Panel denied the company's request for continued listing, citing non-compliance with Nasdaq Listing Rules 5250(c)(1) and 5450(b)(2)(A) [3]. Group 2: Next Steps and Alternatives - The company has 15 days from the receipt of the determination letter to request a review of the Panel's decision by the Nasdaq Listing and Hearing Review Council [4]. - ScanTech AI is evaluating options, including submitting a request for review, which could lead to various outcomes such as affirmation or reversal of the Panel's decision [4]. - Concurrently, the company plans to apply for its common stock to be quoted on the OTCQB Venture Market, although there is no guarantee of meeting eligibility requirements [5]. Group 3: Company Overview - ScanTech AI Systems Inc. specializes in advanced AI-powered security screening and imaging technologies, particularly in non-intrusive 'fixed-gantry' CT screening [6]. - The company's technology is designed to detect hazardous materials and contraband, with applications in various high-security environments such as airports, seaports, and government buildings [6].

Atlanta, GA, Feb. 02, 2026 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging systems, today 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 ...

Atlanta, GA, Jan. 27, 2026 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI) today announced that its Chief Executive Officer, Dolan Falconer, and Chief Financial Officer, James White, presented on behalf of the Company at a hearing before the Nasdaq Hearings Panel on January 22, 2026. During the hearing, management outlined the Company’s progress to date and its ongoing plan to address the remaining listing compliance matter, consistent with the written submission ...

Core Viewpoint - ScanTech AI Systems Inc. has successfully regained compliance with Nasdaq listing requirements, addressing multiple deficiencies and positioning itself for future stability [2][3][4]. Compliance Progress - The company has received confirmation from Nasdaq that it has met the minimum bid price requirement, maintaining a closing bid price of at least $1.00 per share [2]. - Compliance with Nasdaq Listing Rule 5250(c)(1) has also been regained following the filing of its Form 10-Q for the quarter ended September 30, 2025, and an amended Form 10-Q for the quarter ended June 30, 2025 [3]. - The company has resolved multiple listing deficiencies, including periodic reporting and minimum value of publicly held shares [3]. Remediation Actions - A structured remediation plan has been implemented to address legacy compliance issues, which includes a reverse stock split and engagement with professional advisors [4]. - FSR Group has been engaged to provide strategic and capital markets advisory support, assisting in the coordination of remediation efforts [5]. Remaining Compliance Issues - The company is currently addressing a single remaining deficiency related to the Minimum Value of Listed Securities requirement, with a hearing scheduled for January 22, 2026 [6]. - The company expects its securities to remain listed on Nasdaq pending the outcome of the hearings process [6]. Financial Position and Strategy - Ongoing discussions with creditors are taking place regarding potential restructuring and resolution of outstanding obligations, which are part of the broader remediation plan [7]. - The company aims to strengthen its balance sheet and improve financial flexibility to support long-term stability [7]. Management's Outlook - Management believes that the actions taken demonstrate substantial progress in re-compliance efforts, narrowing remaining issues to a single matter [8].

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].

Core Viewpoint - ScanTech AI Systems Inc. is currently undergoing a Nasdaq listing compliance process and is engaged in restructuring discussions with creditors, with a hearing scheduled for January 22, 2026 [2][5]. Group 1: Nasdaq Listing Compliance - The Company has requested a hearing before the Nasdaq Hearings Panel due to compliance issues identified by Nasdaq's Listing Qualifications Department [2]. - The Company's securities remain listed on Nasdaq pending the outcome of the hearings process [2]. - A 1-for-20 reverse stock split was implemented, effective December 16, 2025, as part of corrective actions taken by the Company [3]. Group 2: Restructuring and Creditor Management - The Company is evaluating its capital structure and liquidity position while engaging in discussions with creditors regarding potential restructuring or resolution of outstanding obligations [4]. - Ongoing discussions with creditors may involve disputes over certain asserted defaults or amounts, with no definitive agreements reached yet [4]. - The Company is working with advisors to address both listing compliance and broader restructuring considerations in an orderly manner [5]. Group 3: Company Overview - ScanTech AI Systems Inc. has developed advanced non-intrusive 'fixed-gantry' CT screening technologies that utilize proprietary AI and machine learning to detect hazardous materials [6]. - The Company's solutions are designed for high-security environments such as airports, seaports, borders, and government buildings [6].

Atlanta, GA, Dec. 15, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a technology company focused on advanced AI-powered security screening solutions, today provided an update on the actions it has taken in recent months as part of its ongoing efforts to address Nasdaq listing requirements. The Company confirmed that it has today filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. With the filing of this report, the Company ha ...

Michael D.P. Cavanaugh Michael D.P. Cavanaugh Michael D.P. Cavanaugh Atlanta, GA, Dec. 10, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (Nasdaq: STAI) (“ScanTech AI” or the “Company”), a developer of advanced AI-powered security screening and imaging technologies, today 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. T ...

Michael D.P. Cavanaugh Atlanta, GA, Dec. 10, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (Nasdaq: STAI) (“ScanTech AI” or the “Company”), a developer of advanced AI-powered security screening and imaging technologies, today 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. Cava ...

Core Viewpoint - ScanTech AI Systems Inc. is appealing a Nasdaq delisting determination, with a hearing scheduled for January 22, 2026, while its stock remains traded on Nasdaq during the stay period until December 17, 2025 [1][2]. Group 1: Nasdaq Delisting Appeal - The company has requested an extension of the stay period until the outcome of the January 22, 2026 hearing is finalized [2]. - Nasdaq Rule 5815(a)(1)(B)(i) states that the automatic stay for delisting determinations related to delinquent filings is limited to 15 days unless an extension is granted [3]. - The company has filed amended periodic filings for March 31, 2025, and June 30, 2025, and is on track to file the September 30, 2025 report within the stay period [3]. Group 2: Compliance Plan - The company plans to present a comprehensive compliance plan to the Nasdaq Hearings Panel to address both MVLS requirements and recent filing deficiencies [4]. - Management is confident in the company's ability to demonstrate a clear path to full compliance, although success in the hearing is not guaranteed [4]. Group 3: Business Operations - The Nasdaq process does not affect the company's day-to-day operations, customer commitments, or ongoing strategic initiatives [5]. Group 4: Company Overview - ScanTech AI has developed advanced non-intrusive 'fixed-gantry' CT screening technologies that utilize AI and machine learning to detect hazardous materials and contraband [6]. - The company's solutions are designed for high-security environments such as airports, seaports, borders, and government buildings [6].