---
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"
generated_at: "2026-05-16T11:34:36.782316+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ScanTech AI defaults on $530k loan; faces potential lawsuit and Nasdaq hearing Jan 22

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-001227
- JSON: https://secwatch.observer/filing/0001104659-26-001227.json
- Plain text: https://secwatch.observer/filing/0001104659-26-001227.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1994624/000110465926001227/0001104659-26-001227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.