ScanTech AI settles up to $8.23M debt via $1.50/share equity; also amends Seaport loans

ScanTech AI Systems Inc.

Court-approved settlement with Silverback to convert up to $8.23M debt into common stock at $1.50 per share.
Silverback's ownership capped at 9.99% of outstanding common stock.
Seaport Bridge Loan Amendment: 5.35M shares issued to terminate $4.85M obligations; company retains ~$1.2M cash.
Settlement shares issued under Section 3(a)(10) are freely tradeable without restrictive legends.

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