{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-001227","form_type":"8-K","ticker":"STAI","cik":"0001994624","company_name":"ScanTech AI Systems Inc.","filed_at":"2026-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.949302+00:00","generated_at":"2026-05-16T11:34:36.782316+00:00","sec_items":["2.04","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ScanTech AI defaults on $530k loan; faces potential lawsuit and Nasdaq hearing Jan 22","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-001227","json":"https://secwatch.observer/filing/0001104659-26-001227.json","markdown":"https://secwatch.observer/filing/0001104659-26-001227.md","text":"https://secwatch.observer/filing/0001104659-26-001227.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1994624/000110465926001227/0001104659-26-001227-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1994624/000110465926001227/tm262234d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:34:36.782316+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"807932a8b5728d895f471def75ea15852c378465","claim":"ScanTech AI Systems Inc. reported a default on loan of $471,750 of principal with Maximcash Solutions LLC maturing December 31, 2025.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1994624/000110465926001227/0001104659-26-001227-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$471,750 of principal"},{"label":"Counterparty","value":"Maximcash Solutions LLC"},{"label":"Maturity","value":"December 31, 2025"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}