ScanTech AI Systems Strengthens Strategic Leadership to Accelerate Growth and Global Commercial Execution with Appointment of Michael D.P. Cavanaugh to Board of Directors

Michael D.P. Cavanaugh

GlobeNewsWire • Dec 10, 2025

ScanTech AI Systems Inc. Initiates Appeal Process with Nasdaq; Automatic Stay Provided

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.

GlobeNewsWire • Dec 4, 2025

ScanTech AI Systems Inc. Announces Receipt of Staff Delisting Determination from Nasdaq

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.

GlobeNewsWire • Dec 2, 2025

ScanTech AI Systems Announces Restated Q1 and Reviewed Q2 2025 Financial Statements Under New Auditor — Key Step in Nasdaq Re-Compliance Program

Atlanta, GA, Nov. 28, 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 filed restated financial statements for the quarter ended March 31, 2025 (Q1 2025) and reviewed financial statements for the quarter ended June 30, 2025 (Q2 2025) with the U.S. Securities and Exchange Commission (SEC). The filings were completed under the oversight of the Company's new independent registered public accounting firm, Berkowitz Pollack Brant Advisors + CPAs (“BPB”).

GlobeNewsWire • Nov 28, 2025

ScanTech AI Systems and unival group GmbH Announce Strategic Partnership to Expand Security Technology Deployments Across Europe, the Middle East, and Africa

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.

GlobeNewsWire • Nov 25, 2025

ScanTech AI Systems Signs Term Sheet for $20 Million Financing with ARC Group to Enhance Liquidity and Strategic Flexibility

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”).

GlobeNewsWire • Nov 24, 2025

ScanTech AI Systems Highlights Nuclear-Sector Momentum with Participation at the World's Leading Civil Nuclear Exhibition

Atlanta, GA, Nov. 12, 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 its participation as an exhibiting company at the recently held World Nuclear Exhibition (WNE) to being help in Paris, France from 4–6 November 2025 at the Paris Nord Villepinte exhibition centre. The World Nuclear Exhibition is known as the premier global gathering for the civil nuclear industry, uniting professionals across the full nuclear value-chain—including security infrastructure, energy generation, fuel cycle, decommissioning, and non-electric applications such as medical and space.

GlobeNewsWire • Nov 12, 2025

ScanTech AI Systems Regains Nasdaq Market Value of Publicly Held Shares Compliance and Continues Progress on Strategic Re-Compliance Plan

Atlanta, GA, Nov. 10, 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 received formal notice from The Nasdaq Stock Market LLC confirming that the Company has regained compliance with Nasdaq Listing Rule 5450(b)(2)(C) — requiring a minimum market value of publicly held shares (“MVPHS”) of $15 million.

GlobeNewsWire • Nov 10, 2025

ScanTech AI Systems Delivers SENTINEL® CT System for Pilot Deployment and Mission-Specific AI Algorithm Development

Atlanta, GA, Oct. 22, 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 the successful delivery of its SENTINEL® Fixed-Gantry CT Scanner to the Virginia Department of Corrections as part of a pilot to support development of a customized contraband detection algorithm for correctional facility screening operations. This delivery marks a significant milestone in ScanTech AI's mission to provide AI-driven security screening solutions tailored to the unique challenges of correctional environments.

GlobeNewsWire • Oct 22, 2025

ScanTech AI Systems Appoints Berkowitz Pollack Brant Advisors + CPAs as Independent Auditor to Support Enhanced Governance and Regulatory Compliance Initiatives

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.

GlobeNewsWire • Oct 15, 2025