{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-050459","form_type":"8-K","ticker":"STAI","cik":"0001994624","company_name":"ScanTech AI Systems Inc.","filed_at":"2025-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.653610+00:00","generated_at":"2026-05-21T02:14:08.877500+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ScanTech AI Systems secures $500K loan at 57% APR, secured by 1M shares","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-050459","json":"https://secwatch.observer/filing/0001104659-25-050459.json","markdown":"https://secwatch.observer/filing/0001104659-25-050459.md","text":"https://secwatch.observer/filing/0001104659-25-050459.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1994624/000110465925050459/0001104659-25-050459-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1994624/000110465925050459/tm2515438d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T02:14:08.877500+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3aa0a40af4fae6e38bd65754209740b401b037ad","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1994624/000110465925050459/0001104659-25-050459-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$500,000"},{"label":"Counterparty","value":"Maximcash Solutions LLC"},{"label":"Rate","value":"The Company is obligated to repay the Loan in six monthly payments, with the fir"},{"label":"Maturity","value":"November 14, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}