ScanTech AI Systems Management Presents Recompliance Plan to Nasdaq Hearing Panel, Provides Update on Re-Compliance Execution

Rhea-AI Summary

ScanTech AI Systems (Nasdaq: STAI) informed that CEO Dolan Falconer and CFO James White presented to the Nasdaq Hearings Panel on January 22, 2026 outlining progress and an active plan to resolve remaining listing compliance issues. The company said it is executing balance-sheet regularization steps, engaging with creditors and capital markets counterparties, and focusing on addressing the Market Value of Listed Securities requirement in an orderly manner. ScanTech AI stated it has resolved multiple prior Nasdaq deficiencies (periodic reporting, minimum bid price, and market value of publicly held shares) and confirmed its common stock continues to trade on Nasdaq while the Panel deliberates. The company will provide further updates as appropriate.

Positive

• Resolved multiple Nasdaq deficiencies including reporting and minimum bid price
• Management presented directly to the Nasdaq Hearings Panel on January 22, 2026
• Common stock continues to trade on Nasdaq during Panel deliberations

Negative

• Remaining noncompliance: Market Value of Listed Securities requirement unresolved
• Outcome depends on potential extension or exception from the Nasdaq Hearings Panel

News Market Reaction

-5.03%

12 alerts

-5.03% News Effect

-10.2% Trough in 29 min

-$340K Valuation Impact

$6M Market Cap

0.3x Rel. Volume

On the day this news was published, STAI declined 5.03%, reflecting a notable negative market reaction. Argus tracked a trough of -10.2% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $340K from the company's valuation, bringing the market cap to $6M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Current price: $1.787 Q3 2025 revenue: $631,021 9M 2025 revenue: $1,861,045 +5 more

8 metrics

Current price $1.787 Pre-news trading level vs 52-week range

Q3 2025 revenue $631,021 Quarter ended Sep 30, 2025

9M 2025 revenue $1,861,045 First nine months of 2025

9M 2025 net loss $34,518,281 First nine months of 2025

Cash balance $157,646 As of Sep 30, 2025

Working capital deficit $23,641,349 As of Sep 30, 2025

Restated Q1 2025 net loss $17.9 million Quarter ended Mar 31, 2025

Debt & derivatives converted >$100 million Reverse recapitalization and restructuring

Market Reality Check

Price: $1.81 Vol: Volume 1,550,780 vs 20-da...

high vol

$1.81 Last Close

Volume Volume 1,550,780 vs 20-day average 218,257 (relative volume 7.11x) shows elevated trading ahead of this compliance update. high

Technical Price $1.787 trades well below the 200-day MA $12.71 and close to the 52-week low $1.665 (vs $104 high).

Peers on Argus

STAI’s -9.14% move contrasted with mixed peers: AEHL at -16.3%, ILAG at -4.94%, ...

1 Up 1 Down

STAI’s -9.14% move contrasted with mixed peers: AEHL at -16.3%, ILAG at -4.94%, CSTE at -4.8%, while APT and UUU showed modest gains. Momentum scanner also showed AEHL up 7.0% and UUU down 4.57%, underscoring stock-specific dynamics for STAI.

Previous AI Reports

5 past events · Latest: Jan 14 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 14	Nasdaq compliance update	Positive	-9.7%	Announced regaining bid price, reporting and public float compliance; one deficiency left.
Jan 12	Reporting compliance	Positive	+12.7%	Confirmed regained reporting compliance and ongoing re-compliance and restructuring steps.
Jan 06	Hearings process update	Positive	+0.5%	Detailed hearings schedule, reverse split, and continued restructuring and liquidity review.
Dec 15	Compliance plan progress	Positive	-21.3%	Provided compliance plan update, Q3 filing and implementation of 1-for-20 reverse split.
Dec 04	Nasdaq appeal process	Positive	+33.4%	Announced appeal, automatic stay on delisting, and plans for a comprehensive compliance plan.

Pattern Detected

Recent Nasdaq compliance and restructuring updates with AI tag have produced volatile and often mixed price reactions, with both sharp rallies and selloffs on broadly constructive regulatory progress news.

Recent Company History

Over the past few months, ScanTech AI has repeatedly updated investors on Nasdaq listing compliance and restructuring. Since Dec 4, 2025, it moved from initiating an appeal and obtaining an automatic stay to filing restated reports, executing a 1-for-20 reverse split, and regaining multiple listing requirements. The current hearing update follows prior communications on reporting compliance, bid-price mechanics, and the remaining Market Value of Listed Securities deficiency, extending an ongoing re-compliance narrative.

Historical Comparison

AI

+15.5 %

Average Historical Move

Historical Analysis

Recent AI-tagged Nasdaq compliance updates produced an average move of 15.51%, with both rallies and selloffs. Today’s -9.14% reaction fits within that historically volatile range.

Typical Pattern

The AI-tagged history traces a progression from initiating a Nasdaq appeal and obtaining an automatic stay, through reverse splits and restated filings, to regaining several listing standards and now presenting a recompliance execution update to the Hearings Panel.

Market Pulse Summary

The stock moved -5.0% in the session following this news. A negative reaction despite a procedural r...

Analysis

The stock moved -5.0% in the session following this news. A negative reaction despite a procedural recompliance update fits a pattern where constructive Nasdaq news sometimes preceded selloffs, such as moves of -9.66% and -21.32% after prior AI-tagged compliance releases. Investors have been digesting significant going-concern risk, with cash of $157,646 and a working capital deficit of $23.6M, plus multiple material control weaknesses, which can amplify downside responses to any uncertainty around the Panel outcome.

Key Terms

nasdaq hearings panel, market value of listed securities, reverse stock split, form 10-q, +4 more

8 terms

nasdaq hearings panel regulatory

"presented on behalf of the Company at a hearing before the Nasdaq Hearings Panel"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

market value of listed securities regulatory

"focus remains on addressing the remaining Market Value of Listed Securities requirement"

The market value of listed securities is the total worth of stocks, bonds and other tradable instruments quoted on an exchange, measured using the prices investors are willing to pay right now. It’s calculated by multiplying each security’s current market price by the number of units outstanding and adding those amounts together, like totaling the value of every item in a store at today’s prices. Investors watch this because it shows the size, liquidity and overall health of the market or a company’s publicly traded portion, and it influences index weights, fund allocations and perceived risk.

reverse stock split financial

"implementing a 1-for-20 reverse stock split effective December 16, 2025"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

form 10-q regulatory

"filing its Form 10-Q for the quarter ended September 30, 2025"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

10-q/a regulatory

"filed amended Forms 10-Q/A for March 31, 2025 and June 30, 2025"

A 10-Q/A is an amended quarterly report companies file with regulators to correct or update information previously provided in a quarterly financial filing. It can include revised numbers, additional explanations, or new disclosures about business events. Investors care because it’s like a corrected report card: changes can alter a company’s financial picture, affect trust in management, and prompt reassessment of a stock’s value or risk.

automatic stay regulatory

"obtained an automatic stay allowing trading to continue through December 17, 2025"

An automatic stay is a legal pause that temporarily stops creditors from pursuing collection activities or taking legal action against a person or business that has filed for bankruptcy. It acts like an immediate "time-out" signal, giving the debtor a chance to reorganize finances or decide how to handle debts without constant pressure from lenders. For investors, it provides a crucial period of stability and protection during financial restructuring.

equity line of credit financial

"approved an equity line of credit under a purchase agreement dated October 8, 2025"

An equity line of credit is a loan that allows homeowners to borrow money against the value of their property, similar to having a flexible credit card secured by their home. It matters to investors because it provides a way for property owners to access cash for various needs, which can influence real estate markets and overall economic activity. This type of credit offers ongoing borrowing capacity, making it a valuable financial tool for those with significant property equity.

going concern financial

"concludes there is “substantial doubt” about the company’s ability to continue as a going concern"

A going concern is a business that is expected to continue its operations and meet its obligations for the foreseeable future, rather than shutting down or selling off assets. This assumption matters to investors because it indicates stability and ongoing profitability, making the business a more reliable investment. Think of it as believing a restaurant will stay open and serve customers, rather than closing down suddenly.

AI-generated analysis. Not financial advice.

Atlanta, GA, Jan. 27, 2026 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI) today announced that its Chief Executive Officer, Dolan Falconer, and Chief Financial Officer, James White, presented on behalf of the Company at a hearing before the Nasdaq Hearings Panel on January 22, 2026.

During the hearing, management outlined the Company’s progress to date and its ongoing plan to address the remaining listing compliance matter, consistent with the written submission and subsequent updates previously provided to Nasdaq. The Company confirmed that it is now actively executing on the steps described to the Panel, including continued engagement with creditors and capital markets counterparties, as part of its broader balance-sheet regularization and re-compliance strategy. The Company believes it will make significant progress in an extension or exception given by the Panel, if any.

As previously disclosed, ScanTech AI has resolved multiple Nasdaq listing deficiencies over recent months, including deficiencies related to periodic reporting, minimum bid price, and market value of publicly held shares. The Company’s current focus remains on addressing the remaining Market Value of Listed Securities requirement in an orderly manner.

ScanTech AI also confirmed that its common stock continues to trade on Nasdaq during the pendency of the Panel’s deliberations and until a final written decision is issued.

“We appreciate the opportunity to present directly to the Hearings Panel and to address their questions,” said Dolan Falconer, Chief Executive Officer of ScanTech AI. “The Company is focused on execution, transparency, and completing the final steps of our re-compliance plan in a manner that the Company believes supports long-term stability and shareholder interests.”

The Company will provide additional updates as appropriate and in accordance with its disclosure obligations.

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. You can identify forward-looking statements by words such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” “seek,” “goal,” “target,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding: the Company’s ability to regain and/or maintain compliance with Nasdaq listing standards; the timing, conduct and outcome of the Nasdaq Hearings Panel process (including the hearing held on January 22, 2026); the Company’s ability to satisfy the Minimum Value of Listed Securities requirement; the effectiveness of actions taken to address listing deficiencies (including related compliance initiatives); the Company’s evaluation of its capital structure and liquidity position; the status, direction, and potential outcomes of discussions with creditors regarding potential restructuring, amendment, or other resolution of outstanding obligations; and the Company’s overall re-compliance and balance-sheet initiatives.

These forward-looking statements are based on current expectations and assumptions as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, among others: the risk that the Nasdaq Hearings Panel may not grant the relief requested by the Company, may impose conditions the Company cannot satisfy, or may otherwise result in continued listing uncertainty; the Company’s ability to achieve and/or sustain compliance with Nasdaq’s Minimum Value of Listed Securities requirement and other listing standards; volatility in the Company’s trading price, market capitalization, and/or market value; market, economic, capital markets, and liquidity conditions that could adversely impact the Company’s ability to access capital on acceptable terms (or at all); the risk that discussions with creditors do not result in a mutually acceptable restructuring, amendment, or other resolution, or that any such process results in adverse terms, delays, costs, or operational disruptions; the possibility of unanticipated costs, liabilities, or disruptions associated with the Company’s compliance and restructuring efforts; and other risks described under “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. No assurance can be given that any of the forward-looking statements will be achieved, including that the Company will regain or maintain compliance with Nasdaq listing standards.

Forward-looking statements speak only as of the date they are made. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact

ScanTech AI Systems Inc.
D. Williams Sr. VP Sales & Investor/Government Relations
dwilliams@scantechais.com

Investor & Media Relations Contact:

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

FAQ

What did ScanTech AI (STAI) tell Nasdaq at the January 22, 2026 hearing?

Management outlined progress on re-compliance and an active plan to address remaining listing issues.

Which Nasdaq deficiencies has ScanTech AI (STAI) resolved so far?

The company said it resolved deficiencies related to periodic reporting, minimum bid price, and market value of publicly held shares.

Is ScanTech AI (STAI) still trading on Nasdaq during the Hearings Panel review?

Yes, the company confirmed its common stock continues to trade on Nasdaq while the Panel deliberates and until a final written decision.

What compliance issue remains for ScanTech AI (STAI)?

The company is focused on addressing the Market Value of Listed Securities requirement in an orderly manner.

Will ScanTech AI (STAI) receive more time to regain compliance from Nasdaq?

The company said it believes it will make significant progress if an extension or exception is granted by the Panel, but no final outcome was announced.