secwatch.observer — SEC 8-K summary
======================================

Issuer:     ScanTech AI Systems Inc. (STAI)
CIK:        0001994624
Form:       8-K
Filed at:   2025-12-02T23:59:59+00:00
Accession:  0001104659-25-117770
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ScanTech AI receives Nasdaq delisting determination for MVLS and filing non-compliance
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1994624/000110465925117770/0001104659-25-117770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1994624/000110465925117770/tm2532617d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-117770

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer