---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-011527"
form_type: "8-K"
ticker: "STAI"
cik: "0001994624"
company_name: "ScanTech AI Systems Inc."
filed_at: "2026-02-06T23:59:59+00:00"
generated_at: "2026-05-16T04:09:56.562390+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-011527
- form_type: 8-K
- ticker: STAI
- cik: 0001994624
- company_name: ScanTech AI Systems Inc.
- filed_at: 2026-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1994624/000110465926011527/0001104659-26-011527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1994624/000110465926011527/tm265409d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-011527
- JSON: https://secwatch.observer/filing/0001104659-26-011527.json
- Plain text: https://secwatch.observer/filing/0001104659-26-011527.txt

## Key facts
- Equity Issuances
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1994624/000110465926011527/0001104659-26-011527-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1994624/000110465926011527/0001104659-26-011527-index.htm

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