Executive leadership at ScanTech AI Systems.
Dolan Falconer
Detailed
President and Chief Executive Officer
CEO
AF
Alfred Forbes
Detailed
Vice President & Chief Science Officer
CG
Christopher Green
Detailed
Vice President & Chief Technology Officer
JW
James White
Detailed
Chief Financial Officer
RS
Rocky Starns
Detailed
Executive Vice President & Chief Operating Officer
Board of directors at ScanTech AI Systems.
Research analysts covering ScanTech AI Systems.
Recent press releases and 8-K filings for STAI.
ScanTech AI Systems Management Presents Recompliance Plan to Nasdaq Hearings Panel
STAI
Delisting/Listing Issues
- ScanTech AI Systems' management presented to the Nasdaq Hearings Panel on January 22, 2026, to outline its progress and ongoing plan to address remaining listing compliance matters.
- The company has resolved multiple Nasdaq listing deficiencies, including periodic reporting, minimum bid price, and market value of publicly held shares, and is now focused on addressing the Market Value of Listed Securities requirement.
- ScanTech AI's common stock continues to trade on Nasdaq during the Panel's deliberations, and the company is actively executing its re-compliance strategy.
Jan 27, 2026, 1:30 PM
ScanTech AI Systems Announces Regained Nasdaq Reporting Compliance and Ongoing Restructuring Efforts
STAI
Delisting/Listing Issues
Legal Proceedings
- ScanTech AI Systems regained compliance with Nasdaq Listing Rule 5250(c)(1) for periodic reporting after filing its Form 10-Q for the quarter ended September 30, 2025.
- The Company continues to address the Minimum Value of Listed Securities requirement before the Nasdaq Hearings Panel, with a hearing scheduled for January 22, 2026.
- ScanTech AI is actively evaluating its capital structure and liquidity, engaging in constructive discussions with creditors regarding potential restructuring, amendment, or other resolution of outstanding obligations.
Jan 12, 2026, 1:30 PM
ScanTech AI Systems Inc. enters into a Convertible Promissory Note agreement
STAI
Debt Issuance
Convertible Preferred Issuance
- ScanTech AI Systems Inc. (STAI) entered into a Securities Purchase Agreement with Vanquish Funding Group Inc. on December 22, 2025, for a convertible promissory note.
- The note has a principal amount of $270,900.00, an original issue discount of $12,900.00, and a purchase price of $258,000.00.
- It bears an annual interest rate of 10% and matures on October 22, 2026.
- The proceeds from the note will be used for general working capital purposes, and the company will reimburse the lender $8,000.00 for legal and due diligence fees.
- The note is convertible into common stock, subject to limitations including a 4.99% beneficial ownership cap for the lender and a 19.99% issuance cap for the company without stockholder approval.
Dec 29, 2025, 9:27 PM
ScanTech AI Systems Provides Update on Nasdaq Compliance and Reverse Stock Split
STAI
Delisting/Listing Issues
Financial Restatement
- ScanTech AI Systems Inc. has filed its Quarterly Report on Form 10-Q for Q3 2025, resolving a previously identified delinquent filing condition with Nasdaq.
- Following a Nasdaq delisting determination on November 26, 2025, the Company's hearing before a Nasdaq Hearings Panel is scheduled for January 22, 2026, with securities remaining listed and trading until then.
- A 1-for-20 reverse stock split was approved, becoming effective after market close on December 15, 2025, with split-adjusted trading commencing on December 16, 2025, to address Nasdaq's minimum bid price requirement.
- The Company acknowledges there is no assurance that the Nasdaq Hearings Panel will grant additional time or that it will ultimately regain or maintain compliance with Nasdaq listing standards.
Dec 15, 2025, 1:00 PM
ScanTech AI Systems Announces Strategic Partnership with unival group
STAI
New Projects/Investments
- ScanTech AI Systems Inc. (STAI) announced a strategic partnership with unival group, a global leader in security systems integration, on November 25, 2025.
- This partnership is designed to expand the deployment of ScanTech AI’s SENTINEL® CT security platform across Europe, the Middle East, and Africa (EMEA).
- unival group will serve as ScanTech AI’s official systems integrator for projects in the EMEA region, providing advanced detection and inspection solutions for critical infrastructure and high-security environments.
Nov 25, 2025, 1:39 PM
ScanTech AI Enters Consultancy Agreement with FSR Capital
STAI
Delisting/Listing Issues
New Projects/Investments
- ScanTech AI Systems Inc. (STAI) entered a consultancy agreement with FSR Group Pte. Ltd. (FSR Capital) on September 1, 2025.
- The agreement aims to bolster Nasdaq compliance, address regulatory challenges like bid price deficiencies and filing delays, and enhance capital markets strategy and investor confidence.
- The initial term of the agreement is six months.
- ScanTech AI will pay an advisory fee equivalent to approximately 1,206,500 shares of its common stock, representing 2.5% of its outstanding share capital as of the effective date.
Sep 3, 2025, 12:30 PM
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