ScanTech AI Systems Inc. (STAI): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

ScanTech AI Systems Inc. incurred loan of $500,000 with Maximcash Solutions LLC at The Company is obligated to repay the Loan in six monthly payments, with the fir maturing November 14, 2025.

Instrument: loan
Principal: $500,000
Counterparty: Maximcash Solutions LLC
Rate: The Company is obligated to repay the Loan in six monthly payments, with the fir
Maturity: November 14, 2025
Event: incurrence

Exact text from the filing

On May 14, 2025, ScanTech AI Systems Inc. (the “Company”), as borrower and guarantor, entered into a Loan and Security Agreement (the “Loan Agreement”) with Maximcash Solutions LLC (the “Lender”). Pursuant to the Loan Agreement, the Lender loaned $500,000 (the “Loan”) to the Company, which includes an $15,000 origination fee deducted at the time of funding. The Loan Agreement matures on November 14, 2025. The Company is obligated to repay the Loan in six monthly payments, with the first three payments to be interest only, and with a total repayment amount of $610,000 over a six-month term.

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

ScanTech AI Systems Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-050459

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.