ScanTech AI Systems Begins Trading on OTCQB Venture Market and Provides Corporate Update

Rhea-AI Summary

ScanTech AI Systems (OTCQB: STAI) began quotation on the OTCQB Venture Market on March 17, 2026 after Nasdaq trading suspended on February 10, 2026. The move aims to improve market accessibility while the company advances operational pilots, a European partnership, and ECAC certification efforts.

The company is negotiating potential debt restructuring options but has not executed any definitive agreements; outcomes remain uncertain and subject to approvals.

Positive

• Quotation on OTCQB effective March 17, 2026, improving market accessibility
• Active City of Atlanta / FIFA World Cup SENTINEL pilot for 2026 events
• Strategic partnership with unival group for EMEA channel deployment
• Advancing ECAC certification application to expand aviation market access

Negative

• Trading suspended on Nasdaq as of February 10, 2026
• Company engaged in debt restructuring discussions with no definitive agreements

News Market Reaction – STAI

-13.33%

1 alert

-13.33% News Effect

On the day this news was published, STAI declined 13.33%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Current Price: $0.15 52-week High: $60 Debt Settlement: $608,997.31 +5 more

8 metrics

Current Price $0.15 Pre-news trading level for STAI

52-week High $60 Versus current price of $0.15

Debt Settlement $608,997.31 Indebtedness discharged via 350,000-share issuance to Maximcash

Maximcash Shares Issued 350,000 shares Settlement of indebtedness per 8-K filed 2026-02-06

Major Holder Stake 731,867 shares (15.7%) Seaport-related holders based on 4,663,381 shares outstanding

Security Screening Market $24B to $75B Projected global market growth during current decade

Short Interest 8.88% Of float, with 1 day to cover

Insider Sale 70,000 shares at $0.4874 Open-market sale by Seaport-affiliated holder on Feb 10, 2026

Market Reality Check

Price: $0.1200 Vol: Volume 48,801 is roughly ...

normal vol

$0.1200 Last Close

Volume Volume 48,801 is roughly in line with the 20-day average of 47,836, suggesting no unusual trading activity ahead of this update. normal

Technical At $0.15 versus a 200-day MA of $7.91, shares are trading materially below longer-term trend levels.

Peers on Argus

STAI’s -8.54% move occurred as two tracked peers on the momentum scanner, ILAG a...

1 Up 2 Down

STAI’s -8.54% move occurred as two tracked peers on the momentum scanner, ILAG and CSTE, also moved down (median about -6.0%), while EPOW was up, indicating mixed but generally weak sector sentiment.

Previous AI Reports

5 past events · Latest: Feb 09 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 09	Nasdaq delisting notice	Negative	-45.8%	Nasdaq denied continued listing, set suspension date and outlined compliance window.
Feb 02	World Cup pilot launch	Positive	+0.6%	Announced Atlanta pilot of Sentinel AI CT system ahead of 2026 World Cup.
Jan 27	Recompliance plan update	Positive	-5.0%	Management presented Nasdaq re-compliance plan and outlined balance sheet steps.
Jan 14	Compliance milestones	Positive	-9.7%	Regained bid price and other Nasdaq compliance after reverse split and filings.
Jan 12	Reporting compliance	Positive	+12.7%	Regained Nasdaq reporting compliance after Form 10-Q filing and restructuring steps.

Pattern Detected

AI-tagged news has produced volatile reactions, with sharp selloffs around listing/compliance setbacks and a mix of aligned and divergent moves on operational updates.

Recent Company History

Over recent months, ScanTech AI has focused on exchange compliance and restructuring, with several AI-tagged updates tied to Nasdaq listing status and operational progress. On Jan 12, 2026 and Jan 14, 2026, it reported regaining key Nasdaq compliance metrics, including the $1.00 minimum bid price, aided by a reverse split and advisory support. Subsequent updates on re-compliance planning and, on Feb 9, 2026, a Nasdaq delisting determination framed the transition toward an OTCQB quotation. The current OTCQB trading debut and corporate update extend this trajectory.

Historical Comparison

-9.4% avg move · AI-tagged headlines over the last five events averaged a -9.45% move. Today’s -8.54% reaction to the...

AI

-9.4%

Average Historical Move AI

AI-tagged headlines over the last five events averaged a -9.45% move. Today’s -8.54% reaction to the OTCQB listing and restructuring update sits broadly in line with that recent volatility profile.

AI-tagged disclosures have evolved from regaining Nasdaq compliance and addressing audit and balance sheet issues toward life after delisting, including the shift to OTCQB and advancing pilots and partnerships for the SENTINEL platform.

Market Pulse Summary

The stock dropped -13.3% in the session following this news. A negative reaction despite the OTCQB q...

Analysis

The stock dropped -13.3% in the session following this news. A negative reaction despite the OTCQB quotation fits a pattern in which listing and restructuring headlines often coincided with downside; past AI-tagged events averaged a -9.45% move. The update highlighted ongoing creditor negotiations and the recent transition from Nasdaq after multiple deficiencies, alongside disclosed internal control weaknesses. These overhangs, combined with shares already far below the $7.91 200-day MA, could have reinforced concerns about dilution and financial stability.

Key Terms

otcqb venture market, otc pink market, debt-to-equity conversions, ecac certification, +3 more

7 terms

otcqb venture market financial

"its common stock has commenced quotation on the OTCQB® Venture Market"

The OTCQB Venture Market is a tier of the over‑the‑counter (OTC) trading platform that groups early‑stage, smaller companies that do not meet the stricter requirements of higher OTC tiers. It gives investors a way to buy and sell shares in these higher‑risk, less mature firms with generally lower reporting and transparency standards; think of it as a marketplace’s “starter lane” where potential is available but uncertainty and volatility are higher, so investors should expect greater risk and do extra homework.

otc pink market financial

"shares previously traded on the OTC Pink market following the suspension"

The OTC Pink Market is a segment of over-the-counter trading where shares of companies that do not meet formal exchange listing rules are bought and sold. It matters to investors because these stocks usually have little public information, low trading volume, and higher risk of price swings or fraud — like buying a rare item at a flea market where seller disclosure and return rules are minimal, so potential reward comes with greater uncertainty.

debt-to-equity conversions financial

"which may include debt restructurings, exchanges, modifications or debt-to-equity conversions"

Converting outstanding loans or bonds into company shares so creditors stop being owed cash and become owners instead. This reduces the company’s debt and interest costs—improving its financial stability—but increases the total shares outstanding and can dilute existing owners’ stakes and change control or future per-share earnings, so investors treat these swaps like a lender taking a piece of a house instead of monthly mortgage payments.

ecac certification regulatory

"The Company continues to advance its application for certification under the European Civil Aviation Conference"

ECAC certification is an official verification issued under the European Civil Aviation Conference framework that a carrier, airport or aviation service meets agreed European safety and security standards. For investors it signals that an aviation asset is cleared to operate under recognized regional rules, which can reduce regulatory risk, avoid fines or closures, and support consistent revenue—think of it as a vehicle inspection sticker that lenders and customers trust.

common evaluation process regulatory

"under the European Civil Aviation Conference Common Evaluation Process"

A common evaluation process is a standardized set of steps and criteria used to judge and compare proposals, products, clinical data or bids so different options are assessed on the same basis. Think of it as a shared recipe or checklist that forces apples-to-apples comparisons, reducing surprise outcomes and bias. Investors care because it improves transparency, makes results easier to interpret, and lowers the risk that decisions were arbitrary or inconsistent.

ct platform technical

"SENTINEL is a fixed-gantry CT platform with AI-driven threat detection"

A CT platform is a medical imaging system centered on computed tomography (CT) technology, which uses X-rays and computers to create detailed cross‑sectional images of the body, like slicing a loaf of bread to inspect each slice. Investors care because these platforms are capital‑intensive products that drive recurring revenue through sales, service, upgrades and regulatory approvals, and their adoption can signal durable demand and competitive positioning in healthcare markets.

ai-driven threat detection technical

"CT platform with AI-driven threat detection that is already operational"

AI-driven threat detection uses artificial intelligence to automatically spot unusual activity and potential cyberattacks across a company’s systems and networks, like a security camera that recognizes suspicious behavior rather than just recording. For investors, it matters because faster, more accurate spotting of breaches and fraud can reduce costly outages, fines and reputation damage and signal stronger risk management, while also introducing technology and operational risks to evaluate.

AI-generated analysis. Not financial advice.

Atlanta, GA, March 17, 2026 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (OTCQB: STAI) ("ScanTech AI" or the "Company"), a developer of advanced AI-powered security screening and imaging technologies, today announced that its common stock has commenced quotation on the OTCQB^® Venture Market, operated by OTC Markets Group Inc. The Company's shares previously traded on the OTC Pink market following the suspension of trading on the Nasdaq Global Market on February 10, 2026.

The OTCQB Venture Market is a recognized and regulated marketplace for developing companies that meet higher financial standards, governance requirements, and ongoing disclosure obligations than the OTC Pink market. The transition reflects the Company's continued commitment to transparent financial reporting, strong corporate governance, and accessible capital markets for its shareholders.

"This is a meaningful step in ScanTech AI's recovery and restructuring," said Dolan Falconer, Chief Executive Officer. "The OTCQB quotation provides a more credible and accessible marketplace while we advance the operational and financial initiatives that we believe will create long-term shareholder value."

Debt Restructuring and Balance Sheet Repair

The Company is engaged in discussions with its creditors regarding potential transactions intended to improve its balance sheet, which may include debt restructurings, exchanges, modifications or debt-to-equity conversions. To date, the Company has not entered into any definitive agreement with respect to any such transaction, and there can be no assurance that any agreement, amendment, exchange, conversion or other balance sheet improvement transaction will be reached or completed, or, if completed, on terms favorable to the Company. Any such transaction would be subject to further negotiation, execution of definitive documentation, applicable approvals and other customary conditions.

Operational Progress

ScanTech AI continues to advance its commercial and technology programmes:

• City of Atlanta / FIFA World Cup Pilot. As previously announced, the Company launched a collaborative pilot programme with the City of Atlanta to evaluate the SENTINEL^® platform in advance of 2026 FIFA Football World Cup events, including performance monitoring, operator feedback, and AI algorithm refinement.
• unival group GmbH Strategic Partnership. The Company's strategic partnership with unival group, a leading European security systems integrator, continues to progress as a channel for SENTINEL deployments across Europe, the Middle East, and Africa.
• ECAC Certification. The Company continues to advance its application for certification under the European Civil Aviation Conference Common Evaluation Process, which management believes would significantly expand the Company's addressable market in aviation security outside of the United States.

Positioned for Growth in a Heightened Global Security Environment

We believe global demand for advanced threat detection technologies continues to strengthen, driven by rising geopolitical tensions, evolving threat vectors, and increasing government investment in critical infrastructure protection. According to industry estimates, the global security screening market is projected to grow from approximately $24 billion to over $75 billion during the current decade, driven by mandated technology upgrades at airports, borders, and high-security facilities worldwide.

"The security environment is creating significant opportunities for companies with proven, deployable technology," said Rocky Starns, Chief Operating Officer. "SENTINEL is a fixed-gantry CT platform with AI-driven threat detection that is already operational in demanding, real-world environments. We believe ScanTech AI is positioned to capture a meaningful share of these growing markets as we execute on our commercial pipeline and expand our partnerships."

Board and Leadership

ScanTech AI's Board of Directors includes Chairman Bradley Buswell, a former Deputy Under Secretary in the U.S. Department of Homeland Security and former CEO of Morpho Detection; Michael McGarrity, former FBI Assistant Director of Counterterrorism; and Michael Cavanaugh, an independent director with over 20 years of leadership across automation, security imaging, and AI-enabled platforms. The Company believes this depth of security, government, and technology expertise provides a strong foundation for its growth strategy.

About ScanTech AI Systems Inc.

ScanTech AI Systems Inc. (OTCQB: STAI) develops advanced security screening solutions integrating artificial intelligence, machine learning, and computed tomography imaging to detect explosives, contraband, and other threat materials. The Company's SENTINEL fixed-gantry CT platform is designed for deployment across aviation security, cargo screening, nuclear and energy facilities, ports and borders, and government security operations. ScanTech AI is headquartered in Buford, Georgia.

For more information, visit www.scantechais.com and investor.scantechais.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by words such as “believe,” “expect,” “intend,” “may,” “plan,” “potential,” “project,” “would,” “will,” “continue,” “advance,” and similar expressions. These forward-looking statements include, without limitation, statements regarding: the Company’s ability to improve its balance sheet or consummate any debt restructuring, exchange, modification or debt-to-equity conversion transaction; the anticipated benefits of any such transaction; the Company’s ability to maintain quotation of its common stock on the OTCQB Venture Market; the progress, timing, scope and potential benefits of the City of Atlanta pilot programme, the unival group GmbH strategic partnership and the Company’s ECAC certification efforts; the Company’s commercial pipeline, deployment opportunities and geographic expansion; the size, growth and accessibility of addressable markets; and the Company’s ability to create long-term shareholder value or qualify for listing on any additional exchange.

Forward-looking statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation: the possibility that the Company will not enter into definitive agreements with creditors or complete any contemplated balance sheet transaction; the risk that any such transaction, if consummated, may not improve the Company’s financial condition to the extent anticipated; the Company’s ability to satisfy OTCQB eligibility standards and continue to meet its reporting and other obligations; the Company’s need for additional capital and history of losses; risks relating to execution, customer adoption, pilot results, partner performance and commercialization; delays or failures in obtaining certifications, approvals or market acceptance; the possibility that market opportunity estimates and industry projections may prove inaccurate; competitive pressures, supply chain constraints, geopolitical conditions and changes in government spending priorities; and the other risks described from time to time in the Company’s filings with the Securities and Exchange Commission.

The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact
ScanTech AI Systems Inc.
D. Williams Sr., Senior VP Sales, Business Development & Investor Relations
dwilliams@scantechais.com 

International Elite Capital Inc. 
Annabelle Zhang 
+1(646) 866-7928 
annabelle@iecapitalusa.com

FAQ

Why did ScanTech AI (STAI) move to the OTCQB on March 17, 2026?

The company moved to OTCQB to provide a more credible, regulated market for its shares. According to the company, the OTCQB quotation increases transparency and accessibility while it advances operational and financial initiatives.

What is the status of ScanTech AI (STAI) Nasdaq suspension dated February 10, 2026?

Trading on Nasdaq was suspended on February 10, 2026 and the company now trades on OTCQB. According to the company, the OTCQB listing is part of recovery and restructuring actions following that suspension.

What commercial pilots is ScanTech AI (STAI) running ahead of the 2026 FIFA World Cup?

ScanTech AI is piloting the SENTINEL platform with the City of Atlanta for 2026 FIFA World Cup events. According to the company, the pilot focuses on performance monitoring, operator feedback, and AI algorithm refinement.

How will the unival group partnership affect ScanTech AI (STAI) deployments in EMEA?

The unival group partnership is positioned as a channel for SENTINEL deployments across Europe, Middle East, and Africa. According to the company, the partnership aims to accelerate commercial reach in EMEA markets.

What does ScanTech AI (STAI) say about ECAC certification progress and impact?

The company is advancing its ECAC Common Evaluation Process certification application to broaden aviation market access outside the U.S. According to the company, ECAC certification would materially expand the addressable market in aviation security.

What is the status of ScanTech AI (STAI) debt-restructuring efforts and investor impact?

ScanTech AI is in discussions with creditors about possible restructurings, exchanges, or debt-to-equity conversions but has no definitive agreements. According to the company, any transaction remains uncertain and would require approvals and documentation.