ScanTech AI Systems Inc. (STAI): Nasdaq/NYSE listing notice — ScanTech AI receives Nasdaq delisting determination for MVLS and filing non-compliance

ScanTech AI Systems Inc.

Nasdaq notified ScanTech AI (STAI) on Nov 26, 2025 that its securities are subject to delisting from the Nasdaq Global Market due to non-compliance with MVLS rule and periodic reporting rule.
The Company failed to maintain minimum MVLS of $50M for 180 days (deadline Nov 23, 2025) and has not filed timely Form 10-Q for Q2 and Q3 2025.
ScanTech AI requested a hearing before Nasdaq Hearings Panel and an extended stay; automatic 15-day stay applies for reporting deficiency.
Filed amended 10-Q/A for Q1 and Q2 2025; expects to file Q3 10-Q soon; applied to transfer to Nasdaq Capital Market ($35M MVLS requirement).
Trading continues pending hearing; no assurance appeal or transfer application will be granted.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ScanTech AI Systems Inc. received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

he opening of business on December 5, 2025, and Nasdaq will file a Form 25-NSE with the U.S. Securities and Exchange Commission (“SEC”). The Company has requested a hearing before the Nasdaq Hearings Panel and paid the associated fee. Because the Notice cites non-compliance with Nasdaq Listing Rule 5250(c)(1) as an additional basis for the Staff determination, the Company expects to receive an automatic 15-day stay of suspension under Nasdaq Listing Rule 5815(a)(1)(B) in connection with that deficiency. The Company has also submitted a request for an extended stay of suspension applicable to t

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ScanTech AI Systems Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

he opening of business on December 5, 2025, and Nasdaq will file a Form 25-NSE with the U.S. Securities and Exchange Commission (“SEC”). The Company has requested a hearing before the Nasdaq Hearings Panel and paid the associated fee. Because the Notice cites non-compliance with Nasdaq Listing Rule 5250(c)(1) as an additional basis for the Staff determination, the Company expects to receive an automatic 15-day stay of suspension under Nasdaq Listing Rule 5815(a)(1)(B) in connection with that deficiency. The Company has also submitted a request for an extended stay of suspension applicable to t

View on SEC.gov

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ScanTech AI Systems Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-117770

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