ScanTech AI Systems Inc. (STAI): debt financing — ScanTech AI defaults on $530k loan; faces potential lawsuit and Nasdaq hearing Jan 22

ScanTech AI Systems Inc.

Company did not pay $530,033 loan due Dec 31, 2025; received demand letter; Lender may sue Jan 7 if no extension by Jan 6.
Pledged 145,926 shares as collateral; estimated net proceeds of ~$459,667 at $3.15/share would reduce principal to ~$12k plus fees.
Nasdaq hearing scheduled Jan 22, 2026; Company filed written submission and implemented 1-for-20 reverse stock split on Dec 16, 2025.
Ongoing discussions with creditors regarding restructuring; no definitive agreements reached.
Outstanding loan balance includes $471,750 principal and $58,283 accrued interest/charges as of Jan 5, 2026.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ScanTech AI Systems Inc. reported a default on loan of $471,750 of principal with Maximcash Solutions LLC maturing December 31, 2025.

Instrument: loan
Principal: $471,750 of principal
Counterparty: Maximcash Solutions LLC
Maturity: December 31, 2025
Event: default

Exact text from the filing

of any such agreement or resolution. As of January 5, 2026, the aggregate outstanding balance under the Loan Agreement was approximately $530,033 (consisting of approximately $471,750 of principal and $58,283 of accrued interest and other charges). Pursuant to the Loan Agreement, the occurrence and continuance of an event of default may result in, among other

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ScanTech AI Systems Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-001227

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