Highest-materiality recent filing
ScanTech AI receives Nasdaq delisting notice; trading suspended Feb 10
On Feb 4, 2026, Nasdaq notified ScanTech AI of MVPHS deficiency ($15M minimum) with 180-day cure period.
Audit committee dismissed BPB and appointed CRI effective Jan 14, 2026, after CRI acquired BPB's capital markets practice.
ScanTech AI regains Nasdaq bid price and reporting compliance; only one listing deficiency remains
Regained periodic reporting compliance via Form 10-Q for Sep 30, 2025; bid price compliance restored with closing bid ≥$1.00.
ScanTech AI defaults on $530k loan; faces potential lawsuit and Nasdaq hearing Jan 22
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.
Principal amount $270,900 with $12,900 original issue discount; annual interest 10%; matures Oct 22, 2026.
ScanTech AI faces Nasdaq delisting; hearing set Jan 22, 2026; approves 1-for-20 reverse split
Nasdaq Staff issued delisting determination on Nov 26, 2025; company requested hearing (Jan 22, 2026).
Hearing before Nasdaq Hearings Panel set for January 22, 2026 to appeal Staff delisting determination.
ScanTech AI receives Nasdaq delisting determination for MVLS and filing non-compliance
Nasdaq notified ScanTech AI (STAI) on Nov 26, 2025 that its securities are subject to delisting from the Nasdaq Global Market due to non-compliance with MVLS rule and periodic reporting rule.
Issued 2.5M Legal and Expense Shares on Nov 25, 2025 to cover $550K Steele legal fees.
ScanTech AI regains Nasdaq MVPHS compliance; matter closed
Received Nasdaq letter Nov 5 confirming MVPHS >= $15M for 16 consecutive days (Sept 30–Nov 4, 2025).
ScanTech AI restates Q1 & Q2 2025 financials; non-reliance on prior filings
Company concluded unaudited Q1 and Q2 2025 statements should no longer be relied upon due to compensation expense error for 4,314,800 Subject Shares.
Silverback asserts default on $1M note; cross-default may affect $1.5M note
Silverback claims missed quarterly interest payment on $1M promissory note (15% annual rate) constitutes Event of Default.
ScanTech AI faces default claims from two noteholders; $2.7M at risk
SPCC asserts Event of Default on $1.5M senior secured note; claims mandatory repayment of $1,625,883 as of Oct 10, 2025.
ScanTech AI signs up to $50M equity line with ARC Group; initial $500K PIPE
ELOC gives ScanTech AI right to sell up to $50M common stock to ARC Group over 36 months.
Auditor UHY resigns after ScanTech AI filed Q2 2025 10-Q without completed review
UHY resigned as auditor effective Sept 18, 2025, because it had not completed review of Q2 2025 financials before the company filed Form 10-Q on Sept 17.
ScanTech AI partners with FSR Capital for compliance and capital markets advisory
Advisory fee is 2.5% of outstanding shares (~1,206,500 common shares), payable in stock under SEC and Nasdaq rules.
ScanTech AI receives Nasdaq deficiency notice for late Q2 2025 10-Q filing
Received Nasdaq deficiency letter on Aug 26, 2025, for failing to timely file Q2 2025 Form 10-Q.
ScanTech AI receives Nasdaq deficiency notice for MVPHS below $15M
Nasdaq notified ScanTech AI on July 30, 2025 that its MVPHS was below $15M for 30 consecutive business days.
ScanTech AI receives Nasdaq deficiency notice for bid price below $1.00
Nasdaq notice on July 10, 2025; stock below $1.00 for 30 consecutive days (May 23 – July 8).
ScanTech AI Systems enters $1.5M secured note with 340 Broadway Holdings
Promissory note up to $1.5M, 15% annual interest, matures July 3, 2026.
ScanTech AI receives two Nasdaq deficiency notices for late 10-Q and low market value
Failed to timely file Form 10-Q for March 31, 2025; 60-day plan deadline from May 22.
ScanTech AI Systems secures $500K loan at 57% APR, secured by 1M shares
Loan of $500K from Maximcash Solutions LLC; net proceeds ~$485K after $15K origination fee; total repayment $610K over 6 months.
ScanTech settles $3.25M in debt with 4M shares to Polar, Redmond, and York
Polar: $1.25M note terminated for 1,500,000 shares; registration effective by Aug 1, 2025 or note reinstated.
ScanTech AI receives Nasdaq deficiency notice for late 10-K filing; aims to cure by May 5, 2025
Received deficiency letter on April 17, 2025 for failing to timely file Form 10-K for FY 2024.
ScanTech AI settles up to $8.23M debt via $1.50/share equity; also amends Seaport loans
Court-approved settlement with Silverback to convert up to $8.23M debt into common stock at $1.50 per share.
ScanTech AI completes de-SPAC merger with Mars; shares list on Nasdaq under STAI
Business combination closed Jan 2, 2025; ScanTech becomes wholly owned subsidiary of Pubco.
On June 9, 2025, Karl Brenza resigned as Chairman and as a member of the Board of Directors
On June 9, 2025, Bradley Buswell was appointed as Chairman of the Board.
Max materiality 0.90 · Median 0.70 · Most common event other_material