Atlanta, GA, Sept. 18, 2025 (GLOBE NEWSWIRE) — ScanTech AI Systems Inc. (the “Company” or “ScanTech AI”) (NASDAQ:STAI), a developer of advanced AI-powered CT scanning systems, today announced it has filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025.
The filing is a critical step in the Company’s comprehensive strategy to regain full compliance with all Nasdaq listing requirements.
This milestone follows the Company’s strategic engagement with FSR Capital, an advisory firm announced on September 2, 2025, to guide a proactive plan for addressing all outstanding Nasdaq compliance matters and strengthening its capital markets presence.
“Today’s filing marks a pivotal achievement in our commitment to operational excellence and transparency,” said Dolan Falconer, CEO of ScanTech AI Systems Inc. “We have a clear, strategic plan to resolve all outstanding compliance matters. With the expert guidance of FSR Capital, we are tackling these challenges head-on, allowing us to sharpen our focus on executing our core business mission: advancing our disruptive SENTINEL™ CT technology and driving toward key operational milestones.”
Strategic & Operational Highlights
- Significant Debt Extinguishment: During the first half of 2025, the Company successfully restructured its balance sheet by converting a substantial portion of outstanding debt and accrued interest into equity. This strategic move reduced interest expense by 77% for the six-month period compared to the prior year.
- ECAC Certification on Track: The Company remains on schedule to receive …