ScanTech AI issues 350K shares to settle $609K debt and dismiss lawsuit

ScanTech AI Systems Inc.

Issued 350,000 shares of common stock to Maximcash to discharge $608,997.31 in indebtedness.
Loan Agreement dated May 14, 2025 terminated; all related loan documents cancelled.
Maximcash to dismiss with prejudice its lawsuit against ScanTech within 2 business days of receiving shares.
Shares issued in reliance on Section 3(a)(9) exemption; carry restrictive legend and piggyback registration rights.
Parties mutually release all claims related to the loan and lawsuit, with no admission of liability.

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