ScanTech AI Systems secures $500K loan at 57% APR, secured by 1M shares

ScanTech AI Systems Inc.

Loan of $500K from Maximcash Solutions LLC; net proceeds ~$485K after $15K origination fee; total repayment $610K over 6 months.
First 3 months interest-only at $9,166.67/mo; months 4-6 principal+interest at $50,833.33/mo.
Lender receives 1M pledge shares and 50K consulting shares; additional shares required if stock closes below $1.00.
Prepayment within 180 days reduces total repayment to $562,500; otherwise standard prepayment with 5% interest reduction.
Loan matures Nov 14, 2025; shares to be registered via amendment to S-1.

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