ScanTech AI restates Q1 & Q2 2025 financials; non-reliance on prior filings

ScanTech AI Systems Inc.

Company concluded unaudited Q1 and Q2 2025 statements should no longer be relied upon due to compensation expense error for 4,314,800 Subject Shares.
Error: compensation recorded entirely in Q2 instead of straight-line over 90 days per ASC 718; Q1 and Q2 restatements planned.
Material weakness in internal control over financial reporting identified related to this matter; remediation plan to be included in amended filings.
Restatement not expected to have material impact on future operations, but internal review ongoing; immaterial adjustments may also be made.
Audit Committee discussed the matter with independent accountants Berkowitz Pollack Brant.

item 4.02

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