{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-066781","form_type":"8-K","ticker":"STAI","cik":"0001994624","company_name":"ScanTech AI Systems Inc.","filed_at":"2025-07-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.774023+00:00","generated_at":"2026-05-18T08:47:52.271655+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ScanTech AI Systems enters $1.5M secured note with 340 Broadway Holdings","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-066781","json":"https://secwatch.observer/filing/0001104659-25-066781.json","markdown":"https://secwatch.observer/filing/0001104659-25-066781.md","text":"https://secwatch.observer/filing/0001104659-25-066781.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1994624/000110465925066781/0001104659-25-066781-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1994624/000110465925066781/tm2520225d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T08:47:52.271655+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":"8008e80f3d3039974fb5e32c6f8acb6afe158760","claim":"ScanTech AI Systems Inc. incurred senior notes of up to $1,500,000 with 340 Broadway Holdings, LLC at 15% per annum maturing July 3, 2026.","evidence_excerpt":"The Company issued a senior secured promissory note (the “Note”) to the Lender with a total principal amount of up to $1,500,000 and 2,095,531 shares (the “Origination Shares”) of the Company’s common stock to the Lender. The Note bears interest at an annual rate of 15% and matures on July 3, 2026 (the “Maturity Date”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1994624/000110465925066781/0001104659-25-066781-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"up to $1,500,000"},{"label":"Counterparty","value":"340 Broadway Holdings, LLC"},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"July 3, 2026"},{"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"}