ScanTech settles $3.25M in debt with 4M shares to Polar, Redmond, and York

ScanTech AI Systems Inc.

Polar: $1.25M note terminated for 1,500,000 shares; registration effective by Aug 1, 2025 or note reinstated.
Redmond: $2M in loans terminated; $1.2M recoup via 3(a)(10) offering and 800,000 shares registered.
York: sharing interest released for 1,700,000 shares (700k on Resale S-1, 1M by Aug 28, 2025).
NACS waiver extends default date to Jan 2, 2025 and releases all claims under loan agreements.

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