ScanTech AI issues 2.5M shares for $550K legal fees; up to 3.9M more shares contingent on S-1 amendment

ScanTech AI Systems Inc.

Issued 2.5M Legal and Expense Shares on Nov 25, 2025 to cover $550K Steele legal fees.
Issued 1.2M First Tranche Shares on Nov 25, 2025; additional shares up to 1.5M if registration deadline missed.
Amendment deletes Paragraph G of prior Supplemental Agreement, removing condition tied to TF Parties settlement.
Company must file S-1 amendment by Jan 30, 2026 to register all shares; use best efforts for SEC effectiveness.
Total potential share issuance capped at 19.99% of outstanding common stock.

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