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Michael D.P. Cavanaugh Atlanta, GA, Dec. 10, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (NASDAQ:STAI) ("ScanTech AI" or the "Company"), a developer of advanced AI-powered security screening and imaging technologies, today announced that Michael D.P. Cavanaugh has been appointed to its Board of Directors, enhancing the Company's strategic, operational, and governance capabilities as it advances its commercialization and global expansion initiatives. The Board of Directors has determined that Mr. Cavanaugh is an "independent director" under the applicable rules of The Nasdaq Stock Market LLC and the Securities and Exchange Commission and has appointed him to serve on the Audit Commit
Atlanta, GA, Dec. 04, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (NASDAQ:STAI), a developer of advanced AI-powered security screening and imaging systems, today announced that following the previously disclosed timely Nasdaq Hearings Panel (the "Panel") review request, a hearing before the Panel has been scheduled for January 22, 2026, to appeal the previously disclosed Nasdaq Listing Qualification Staff ("Staff") determination regarding delisting. In connection with this process, the suspension and delisting action has been stayed until December 17, 2025, allowing ScanTech AI's common stock to continue to trade on The Nasdaq Global Market during t
Atlanta, GA, Dec. 02, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (NASDAQ:STAI), a developer of advanced AI-powered security screening and imaging systems, today announced that on November 26, 2025 (the "Notice"), the Nasdaq Listing Qualifications Department ("Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notified the Company that its securities are subject to delisting from the Nasdaq Global Market. As previously disclosed, on May 27, 2025, Staff notified the Company that the market value of its listed securities had been below the minimum $50,000,000 required for continued listing under Nasdaq Listing Rule 5450(b)(2)(A) (the "MVLS Rule") for t
8-K - ScanTech AI Systems Inc. (0001994624) (Filer)
8-K - ScanTech AI Systems Inc. (0001994624) (Filer)
8-K - ScanTech AI Systems Inc. (0001994624) (Filer)
4 - ScanTech AI Systems Inc. (0001994624) (Issuer)
4 - ScanTech AI Systems Inc. (0001994624) (Issuer)
4 - ScanTech AI Systems Inc. (0001994624) (Issuer)
Michael D.P. Cavanaugh Atlanta, GA, Dec. 10, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (NASDAQ:STAI) ("ScanTech AI" or the "Company"), a developer of advanced AI-powered security screening and imaging technologies, today announced that Michael D.P. Cavanaugh has been appointed to its Board of Directors, enhancing the Company's strategic, operational, and governance capabilities as it advances its commercialization and global expansion initiatives. The Board of Directors has determined that Mr. Cavanaugh is an "independent director" under the applicable rules of The Nasdaq Stock Market LLC and the Securities and Exchange Commission and has appointed him to serve on the Audit Commit
Atlanta, GA, Nov. 25, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (NASDAQ:STAI), a developer of advanced AI-powered security screening and imaging systems, today announced a strategic partnership with unival group, a global leader in security systems integration headquartered in Bonn, Germany. The partnership combines ScanTech AI's SENTINEL® CT security platform—featuring multi-angle computed tomography, AI-based automatic threat detection, and real-time analytics, with unival group's integration, deployment, and lifecycle support expertise. Together, the companies intend to deliver turnkey security ecosystems that meet the world's most demanding re
Atlanta, GA, Oct. 15, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (NASDAQ:STAI), a developer of advanced AI-powered security screening and imaging technology, previously announced that its Audit Committee has appointed Berkowitz Pollack Brant Advisors + CPAs ("BPB") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025, and certain interim periods. The engagement of BPB marks another step in ScanTech AI's broader strategy to strengthen financial reporting, enhance internal controls, and continue advancing in its Nasdaq re-compliance plan. BPB will conduct the audit of the Company's 2025 financial
Atlanta, GA, Nov. 24, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (NASDAQ:STAI), a developer of advanced AI-powered security screening and imaging systems, today announced that it has entered into a non-binding term sheet with ARC Group International Ltd. ("ARC Group") for a proposed $20 million subordinated convertible note facility financing (the "Proposed Financing"). The Company believes that this prospective financing will complement and operate alongside the Company's previously announced ARC Investment Agreement and Equity Line of Credit ("ELOC"), providing ScanTech with greater flexibility in managing working capital, supporting ongoing comm