Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
ScanTech AI Systems Inc. issued 350,000 shares of common stock to Maximcash Solutions LLC for total discharge amount of $608,997.31 of indebtedness.
- Security
- common stock
- Shares
- 350,000 shares
- Purchaser
- Maximcash Solutions LLC
- Consideration
- total discharge amount of $608,997.31 of indebtedness
Exact text from the filing
the Company and its respective representatives from and against any and all claims arising out of or relating to the Loan Agreement, including the total discharge amount of $608,997.31 of indebtedness allegedly owed to Maximcash. Further, the Settlement Agreement will act to terminate and cancel the Loan Agreement and all related promissory notes, security
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ScanTech AI Systems Inc. entered into Settlement of Indebtedness with Maximcash Solutions LLC valued at $608,997.31 (effective 2026-02-02).
- Action
- entry
- Agreement
- settlement
- Counterparty
- Maximcash Solutions LLC
- Value
- $608,997.31
- Effective
- 2026-02-02
Exact text from the filing
On February 2, 2026, ScanTech AI Systems Inc. (the “Company”) entered into a Settlement of Indebtedness (the “Settlement Agreement”) with Maximcash Solutions LLC (“Maximcash”) to resolve Maximcash’s allegations resulting from alleged defaults pursuant to the Business Loan and Security Agreement (the “Loan Agreement”), dated May 14, 2025 by and between the Company and Maximcash.
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