ScanTech AI Systems enters $1.5M secured note with 340 Broadway Holdings

ScanTech AI Systems Inc.

Promissory note up to $1.5M, 15% annual interest, matures July 3, 2026.
Initial closing on July 7, 2025 funded $250,000; net proceeds $240,000 for corporate purposes.
2,095,531 Origination Shares issued to lender; additional shares issuable on conversion.
Conversion price at 80% of average three lowest trading prices over five days, minimum $0.2051/share.
Mandatory prepayment at 150% of principal plus interest; event of default includes >50% price drop.

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