---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-030645"
form_type: "8-K"
ticker: "STAI"
cik: "0001994624"
company_name: "ScanTech AI Systems Inc."
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T01:11:00.995917+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-030645
- form_type: 8-K
- ticker: STAI
- cik: 0001994624
- company_name: ScanTech AI Systems Inc.
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1994624/000110465925030645/0001104659-25-030645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1994624/000110465925030645/tm2511007d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-030645
- JSON: https://secwatch.observer/filing/0001104659-25-030645.json
- Plain text: https://secwatch.observer/filing/0001104659-25-030645.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.