ScanTech AI signs up to $50M equity line with ARC Group; initial $500K PIPE

ScanTech AI Systems Inc.

ELOC gives ScanTech AI right to sell up to $50M common stock to ARC Group over 36 months.
Initial PIPE: ARC purchases 1,403,863 shares at $0.35616 for $500,000.
Commitment fee: 3,869,969 shares (value $1.75M) and 1,907,898 pre-funded warrants issued.
Proceeds for working capital, AI security tech R&D, commercialization, and Nasdaq compliance.
Registration statement for resale must be filed within 60 days; draws limited to $5M per advance.

item 1.01 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

ScanTech AI Systems Inc. issued 3,365,934 shares of common stock of common stock to ARC Group International Ltd..

Security: common stock
Shares: 3,365,934 shares of common stock
Purchaser: ARC Group International Ltd.

Exact text from the filing

the Company agreed to issue to the Investor in satisfaction of its obligations for the Commitment Fee Shares and Subscription Shares, 3,365,934 shares of common stock and 1,907,898 pre-funded warrants

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

ScanTech AI Systems Inc. issued 1,907,898 pre-funded warrants of warrant to ARC Group International Ltd..

Security: warrant
Shares: 1,907,898 pre-funded warrants
Purchaser: ARC Group International Ltd.

Exact text from the filing

the Company agreed to issue to the Investor in satisfaction of its obligations for the Commitment Fee Shares and Subscription Shares, 3,365,934 shares of common stock and 1,907,898 pre-funded warrants

View on SEC.gov

26 equity issuances filed in the last 30 days. Browse all equity issuances →

ScanTech AI Systems Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-098541

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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.