ScanTech AI Systems Files Q2 2025 Form 10-Q, Achieving Key Milestone in its Comprehensive Nasdaq Compliance Plan
ScanTech AI Systems (Nasdaq: STAI), a developer of AI-powered CT scanning systems, has filed its Q2 2025 Form 10-Q, marking a crucial step toward regaining Nasdaq compliance. The company recently engaged FSR Capital to address listing requirements and strengthen its market presence.
Key achievements include a significant balance sheet restructuring that converted substantial debt to equity, resulting in a 77% reduction in interest expense for H1 2025. The company's SENTINEL™ CT scanner remains on track for ECAC certification, expected in Q2 2026.
ScanTech AI Systems (Nasdaq: STAI), sviluppatore di sistemi di TAC alimentati da IA, ha depositato il suo Form 10-Q per il secondo trimestre 2025, segnando un passaggio cruciale per il ripristino della conformità Nasdaq. L'azienda ha recentemente affidato a FSR Capital il compito di soddisfare i requisiti di listing e rafforzare la propria presenza sul mercato. Tra i risultati chiave, una significativa ristrutturazione del bilancio che ha convertito una parte sostanziale di debito in capitale, con una riduzione del 77% delle spese per interessi nel primo semestre 2025. Il sistema di scanner CT SENTINEL™ dell'azienda rimane in linea per la certificazione ECAC, prevista nel secondo trimestre del 2026.
ScanTech AI Systems (Nasdaq: STAI), un desarrollador de sistemas de TAC impulsados por IA, ha presentado su Form 10-Q del 2T 2025, marcando un paso crucial para recuperar el cumplimiento de Nasdaq. La empresa recientemente contrató a FSR Capital para abordar los requisitos de cotización y fortalecer su presencia en el mercado. Logros clave incluyen una significativa reestructuración del balance que convirtió una parte sustancial de la deuda en capital, resultando en una reducción del 77% de los gastos por intereses en el primer semestre de 2025. El escáner de TAC SENTINEL™ de la empresa continúa en camino para la certificación ECAC, prevista para el segundo trimestre de 2026.
ScanTech AI Systems(Nasdaq: STAI)는 AI 기반 CT 스캐닝 시스템 개발사로 2025년 2분기 Form 10-Q를 제출했고, 나스닥 상장 규정 준수 회복을 향한 중요한 단계입니다. 회사는 최근 상장 요건을 해결하고 시장 입지를 강화하기 위해 FSR Capital를 고용했습니다. 주요 성과로는 상당한 대차대조표 구조조정이 있어 상당한 부채를 자본으로 전환했고, 2025년 상반기에 이자 비용이 77% 감소했습니다. 회사의 SENTINEL™ CT 스캐너는 ECAC 인증을 위한 일정이 계속되며, 2026년 2분기에 예상됩니다.
ScanTech AI Systems (Nasdaq: STAI), développeur de systèmes de TAC alimentés par l'IA, a déposé son Form 10-Q du deuxième trimestre 2025, marquant une étape cruciale pour retrouver la conformité à Nasdaq. L'entreprise a récemment engagé FSR Capital pour répondre aux exigences de cotation et renforcer sa présence sur le marché. Parmi les réalisations clés figurent une réorganisation du bilan substantielle qui a converti une dette importante en capitaux propres, entraînant une réduction de 77 % des charges d'intérêts au premier semestre 2025. Le scanner CT SENTINEL™ de l'entreprise reste en bonne voie pour la certification ECAC, attendue au cours du deuxième trimestre 2026.
ScanTech AI Systems (Nasdaq: STAI), Entwickler KI-gestützter CT-Scansysteme, hat seinen Form 10-Q für das zweite Quartal 2025 eingereicht und damit einen wichtigen Schritt zur Wiederherstellung der Nasdaq-Compliance gemacht. Das Unternehmen hat kürzlich FSR Capital damit beauftragt, Listing-Anforderungen zu erfüllen und seine Marktpräsenz zu stärken. Zu den wichtigsten Leistungen gehört eine signifikante Bilanzrestrukturierung, die erhebliche Schulden in Eigenkapital umgewandelt hat und im ersten Halbjahr 2025 zu einer Reduzierung der Zinsaufwendungen um 77% führte. Der SENTINEL™ CT-Scanner des Unternehmens bleibt auf Kurs für die ECAC-Zertifizierung, die voraussichtlich im Q2 2026 erfolgen wird.
ScanTech AI Systems (Nasdaq: STAI)، مطور أنظمة فحص CT تعمل بالذكاء الاصطناعي، قدمت نموذجها 10-Q للربع الثاني من 2025، مما يمثل خطوة حاسمة نحو استعادة الامتثال لناسداك. قامت الشركة مؤخرًا بتعيين FSR Capital لمعالجة متطلبات الإدراج وتعزيز حضورها في السوق. الإنجازات الرئيسية تشمل إعادة هيكلة كبيرة للميزانية التي حولت ديونا كبيرة إلى رأس مال، مما أدى إلى خفض في مصروفات الفوائد بنسبة 77% في النصف الأول من 2025. لا يزال جهاز SENTINEL™ CT لدى الشركة على المسار لتحقيق شهادة ECAC، المتوقع في الربع الثاني من 2026.
ScanTech AI Systems (Nasdaq: STAI)，一家由AI驱动的CT扫描系统开发商，已提交其2025年第二季度Form 10-Q，标志着重新符合纳斯达克要求的关键一步。该公司最近聘请FSR Capital以解决上市要求并增强市场存在感。
主要成就包括显著的资产负债表重组，将大量债务转换为股本，导致2025年上半年的利息支出下降77%。公司的SENTINEL™ CT扫描仪仍在争取ECAC认证的轨道上，预计将在2026年第二季度获得认证。
- Successful debt restructuring leading to 77% reduction in interest expenses
- Strategic engagement with FSR Capital to address Nasdaq compliance
- Progress toward ECAC certification for SENTINEL™ CT scanner
- Proactive approach to regulatory compliance and transparency
- Ongoing Nasdaq compliance issues requiring remediation
- Outstanding listing requirements yet to be resolved
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 the ECAC’s certification for its SENTINEL™ CT scanner, with receipt anticipated in the second quarter of 2026.
About ScanTech AI
ScanTech AI Systems Inc. (Nasdaq: STAI) has developed one of the world’s most advanced non-intrusive ‘fixed-gantry’ CT screening technologies. Utilizing proprietary artificial intelligence and machine learning capabilities, ScanTech AI’s state-of-the-art scanners accurately and quickly detect hazardous materials and contraband. Engineered to automatically locate, discriminate, and identify threat materials and items of interest, ScanTech AI’s solutions are designed for use in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where security is a priority.
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 Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (“Exchange Act”), including statements regarding ScanTech AI’s management team’s expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the future, including Nasdaq compliance or noncompliance, possible business combinations, revenue growth and financial performance, product expansion and services. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Additionally, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on the current expectations and beliefs made by the management of ScanTech AI, in light of their respective experience and their perception of historical trends, current conditions and expected future developments and their potential effect on ScanTech AI, as well as other factors they believe are appropriate under the circumstances. There can be no assurance that future developments affecting ScanTech AI will be those that it has anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including product and service acceptance, regulatory oversights, research and development success, and that ScanTech AI will have sufficient capital to operate as anticipated. Should one or more of these risks of uncertainties materialize, or should any of the assumptions of ScanTech AI prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” and in other sections of the filings of ScanTech AI (and its predecessor, Mars) with the U.S. Securities and Exchange Commission (the “SEC”), and in the current and periodic reports filed or furnished by ScanTech AI (and its predecessor, Mars) from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on the information available to ScanTech AI as of the date hereof, and ScanTech AI assumes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may otherwise be required under applicable securities laws.
Contact:
ScanTech AI Systems Inc.
James White, CFO
jwhite@scantechibs.com
FAQ
What progress has ScanTech AI Systems (STAI) made toward Nasdaq compliance in Q2 2025?
How much did ScanTech AI Systems reduce its interest expense in H1 2025?
When is ScanTech AI's SENTINEL™ CT scanner expected to receive ECAC certification?
Who is helping ScanTech AI Systems with its Nasdaq compliance strategy?
What major financial restructuring did STAI complete in early 2025?
