ScanTech AI Systems Inc. Announces Nasdaq Delisting Determination, Pending Trading Suspension, and Intent to Seek OTCQB Quotation
Rhea-AI Summary
ScanTech AI (Nasdaq: STAI) disclosed that Nasdaq's Hearing Panel denied its request for continued Nasdaq Global Market listing, citing non-compliance with periodic filing and minimum market value rules. Nasdaq notified the company that trading is scheduled to be suspended at the open on Feb 10, 2026 unless further action is taken.
ScanTech AI has a 180-day compliance period through Aug 3, 2026 to regain the $15 million MVPHS threshold for ten consecutive business days, may seek review within 15 days, and intends to pursue OTCQB quotation while evaluating options.
Positive
- Company has a 180-day compliance period through Aug 3, 2026 to regain listing
- Company intends to request review and pursue available appeal options within 15 days
- Company plans to apply for OTCQB quotation to maintain market visibility
Negative
- Nasdaq Hearing Panel denied continued listing for non-compliance with filing and MVPHS rules
- Trading on the Nasdaq Global Market is scheduled to be suspended at open Feb 10, 2026 unless action reverses decision
- Company failed to meet the $15 million MVPHS minimum for the 30 business days ended Feb 3, 2026
Key Figures
Market Reality Check
Peers on Argus
STAI fell 39.59% while 3 higher-affinity peers (AEHL, ILAG, UUU) also declined (median move -5.1%). The sector showed downside momentum, but STAI’s drop was much steeper than peers.
Previous AI Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 02 | Pilot program launch | Positive | +0.6% | Announced Atlanta pilot to evaluate Sentinel AI CT Scanner ahead of 2026 FIFA events. |
| Jan 27 | Compliance plan update | Positive | -5.0% | Management presented Nasdaq re-compliance plan and progress on listing issues. |
| Jan 14 | Compliance regained | Positive | -9.7% | Regained minimum bid price and other Nasdaq compliance after reverse stock split. |
| Jan 12 | Reporting compliance | Positive | +12.7% | Regained reporting compliance via Form 10-Q filing and ongoing re-compliance actions. |
| Jan 06 | Listing & restructuring | Neutral | +0.5% | Updated on Nasdaq hearings process, reverse split, and creditor restructuring talks. |
Recent AI-tagged news shows mixed reactions: compliance and restructuring updates sometimes led to selloffs, other times to modest gains, indicating inconsistent price response to regulatory progress.
Over the past months, ScanTech AI has focused on Nasdaq compliance and restructuring. On Jan 6–14, 2026, it implemented a 1-for-20 reverse split, regained reporting and minimum bid price compliance, and addressed market value deficiencies, yet shares often traded lower after these headlines. On Jan 27, management presented a re-compliance plan to the Nasdaq Hearings Panel, followed by a modestly negative reaction. By Feb 2, the company announced a pilot program with the City of Atlanta, showing operational progress. Today’s delisting determination contrasts with that recent compliance and commercial narrative.
Historical Comparison
Across 5 recent AI-tagged releases, STAI’s average 24h move was -0.18%. Today’s -39.59% reaction to the Nasdaq delisting determination stands out as a far more severe downside response.
News flow progressed from hearing scheduling and reverse split, to regaining reporting and bid-price compliance, then to an Atlanta pilot program. The current delisting determination and planned OTCQB application reverses that earlier trajectory of incremental Nasdaq re-compliance steps.
Market Pulse Summary
This announcement details Nasdaq’s determination to deny continued Global Market listing, citing non-compliance with periodic filing and market value tests, and outlines a scheduled trading suspension on February 10, 2026. ScanTech AI still has a 180-day window to regain MVPHS compliance and may seek review by the Nasdaq Listing and Hearing Review Council while pursuing an OTCQB quotation. Investors may track progress on regulatory milestones, liquidity given prior going-concern warnings, and execution of its operational and restructuring plans.
Key Terms
Nasdaq Listing Rule 5250(c)(1) regulatory
Nasdaq Hearing Panel regulatory
OTCQB Venture Market regulatory
AI-generated analysis. Not financial advice.
Atlanta, GA, Feb. 09, 2026 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging technologies, today provided an update regarding recent correspondence received from The Nasdaq Stock Market LLC (“Nasdaq”) related to the Company’s continued listing status.
On February 4, 2026, the Company received a deficiency notice from Nasdaq’s Listing Qualifications Department indicating that, based on Nasdaq’s review of the Company’s market value of publicly held shares (“MVPHS”) for the 30 consecutive business days ended February 3, 2026, the Company did not meet the minimum MVPHS requirement of
Separately, on February 6, 2026, the Company received a determination letter from the Nasdaq Hearing Panel denying the Company’s request for continued listing on the Nasdaq Global Market. The Panel’s decision, which followed a hearing held on January 22, 2026, cited non-compliance with Nasdaq Listing Rules 5250(c)(1) (the periodic filing requirement) and 5450(b)(2)(A) (the minimum market value of listed securities requirement). As a result of this determination, Nasdaq has notified the Company that trading of its securities on the Nasdaq Global Market is scheduled to be suspended at the open of trading on February 10, 2026, unless further action is taken.
Under Nasdaq rules, the Company has fifteen (15) days from receipt of the determination letter to request a review of the Panel’s decision by the Nasdaq Listing and Hearing Review Council. The Company is currently evaluating and intends to pursue available options, including submitting a request for review. If the Listing Council elects to review the matter, it may affirm, modify, reverse, dismiss, or remand the Panel’s decision.
In parallel, the Company intends to apply for its common stock to be quoted on the OTCQB Venture Market. There can be no assurance that the Company will meet all eligibility requirements or that OTC Markets Group, Inc. will approve the application.
ScanTech AI remains focused on executing its operational strategy, advancing customer engagements, and strengthening its financial and compliance posture. The Company will continue to keep shareholders informed as developments occur.
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 the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company’s expectations, plans, intentions, strategies, and prospects with respect to the Nasdaq delisting process, the suspension of trading of the Company’s securities on The Nasdaq Global Market, any request for review by the Nasdaq Listing and Hearing Review Council and the timing and outcome thereof, the Company’s ability to obtain quotation of its common stock on the OTCQB Venture Market or any other trading market, and the Company’s future operations, liquidity, capital resources, and compliance efforts following any delisting.
Words such as “may,” “will,” “could,” “would,” “should,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” “seek,” “goal,” “target,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.
Forward-looking statements are based on the Company’s current expectations and assumptions as of the date of this press release and are subject to a number of risks, uncertainties, and assumptions, many of which are beyond the Company’s control. Actual results may differ materially from those expressed or implied by forward-looking statements due to factors including, but not limited to, the risk that the Company is unable to successfully obtain review or relief from the Nasdaq delisting determination, the suspension or termination of trading of the Company’s securities on Nasdaq, the Company’s inability to meet the eligibility requirements for quotation on the OTCQB or any other trading market, reduced liquidity and trading volume of the Company’s securities following any delisting, volatility in the market price of the Company’s common stock, the Company’s ability to continue as a going concern, and general market, economic, capital markets, and liquidity conditions.
Additional risks and uncertainties are described under the heading “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as in the Company’s Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Media Contact
ScanTech AI Systems Inc.
D. Williams Sr., Senior VP Sales, Business Development & Investor Relations
dwilliams@scantechais.com
Investor & Media Relations Contact:
International Elite Capital Inc.
Annabelle Zhang
+1(646) 866-7928
annabelle@iecapitalusa.com
FAQ
Why did Nasdaq deny ScanTech AI's continued listing on Nasdaq (STAI)?
When would trading of ScanTech AI (STAI) be suspended on Nasdaq?
What compliance deadline does ScanTech AI (STAI) have to regain Nasdaq listing?
What is ScanTech AI's (STAI) plan if Nasdaq delists the stock?
How long does ScanTech AI (STAI) have to request a review of Nasdaq's decision?
What caused ScanTech AI (STAI) to fall below Nasdaq's minimum market value requirement?
