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.

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