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 1,200,000 shares of the Company's common stock (the "First Tranche Shares") of common stock to Steele Interests.
- Security
- common stock
- Shares
- 1,200,000 shares of the Company's common stock (the "First Tranche Shares")
- Purchaser
- Steele Interests
Exact text from the filing
No later than 5:00 p.m. (Eastern) on November 25, 2025, the Company agreed to issue and deliver to an account for the benefit of Steele Interests, at Continental, 1,200,000 shares of the Company’s common stock (the “First Tranche Shares”).
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
ScanTech AI Systems Inc. issued 2,500,000 shares of the Company's common stock (the "Legal and Expense Shares") of common stock to Steele Lenders and Steele Interests for reimbursement of legal fees ($550,000).
- Security
- common stock
- Shares
- 2,500,000 shares of the Company's common stock (the "Legal and Expense Shares")
- Purchaser
- Steele Lenders and Steele Interests
- Consideration
- reimbursement of legal fees ($550,000)
Exact text from the filing
The Company and SIBS each acknowledged and agreed that they, on a joint and several basis, are justly indebted to, and currently owe and shall pay, the Steele Lenders a total of $550,000 as reimbursement of legal fees paid and/or previously incurred by the Steele Lenders in connection with certain loans made by the Steele Lenders to SIBS and the Exchange Agreement
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ScanTech AI Systems Inc. amended Agreement and Amendment No. 1 to the Supplemental Agreement with Steele Interest LLC and Steele Lenders (Steele I-IV) valued at Amendment to Supplemental Agreement involving stock issuance of up to 2,500,000 Legal and Expense Sh (effective 2025-11-24).
- Action
- amendment
- Counterparty
- Steele Interest LLC and Steele Lenders (Steele I-IV)
- Value
- Amendment to Supplemental Agreement involving stock issuance of up to 2,500,000 Legal and Expense Sh
- Effective
- 2025-11-24
Exact text from the filing
On November 24, 2025 (the “Effective Date”), ScanTech AI Systems Inc. (the “Company”) entered into the Agreement and Amendment No. 1 to the Supplemental Agreement (the “Agreement”) by and between the Company, Karl Brenza (for limited purposes), ScanTech Identification Beam Systems LLC (“SIBS”), Steele Interest SIBS LLC (“Steele I”), Steele Interest SIBS II LLC (“Steele II”), Steele Interest SIBS III LLC (“Steele III”), Steele Interest SIBS IV LLC (“Steele IV” and together with Steele I, Steele II, and Steele III, referred to as the “Steele Lenders”), and Steele Interest LLC (“Steele Interests” and, collectively with the Steele Lenders, “Steele”).
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