---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-044549"
form_type: "8-K"
ticker: "STAI"
cik: "0001994624"
company_name: "ScanTech AI Systems Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T19:29:52.322868+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-044549
- form_type: 8-K
- ticker: STAI
- cik: 0001994624
- company_name: ScanTech AI Systems Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1994624/000110465925044549/0001104659-25-044549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1994624/000110465925044549/tm2513838d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-044549
- JSON: https://secwatch.observer/filing/0001104659-25-044549.json
- Plain text: https://secwatch.observer/filing/0001104659-25-044549.txt

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