Polar discloses sub-5% Scantech AI (NASDAQ: STAI) holding

Rhea-AI Filing Summary

Polar Asset Management Partners Inc. filed an amended Schedule 13G reporting beneficial ownership of 75,000 shares of Scantech AI Systems Inc. common stock, representing 0% of the class and ownership of 5 percent or less. Polar, a Canadian investment adviser and fund manager, has sole voting and dispositive power over these shares through Polar Multi-Strategy Master Fund. The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Scantech AI Systems.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Scantech AI Systems Inc

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

80603V104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 80603V104

1

Names of Reporting Persons

Polar Asset Management Partners Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 75,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 75,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

75,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Scantech AI Systems Inc
(b)	Address of issuer's principal executive offices: 1735 Enterprise Drive, Buford, GA, 30518
Item 2.
(a)	Name of person filing: This statement is filed by Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, which serves as the investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") with respect to the shares directly held by PMSMF.
(b)	Address or principal business office or, if none, residence: 16 York Street, Suite 2900, Toronto, Ontario, M5J 0E6
(c)	Citizenship: Canada
(d)	Title of class of securities: Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 80603V104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	The Reporting Person is an investment fund manager, portfolio manager, exempt market dealer and commodity trading manager registered with the Ontario Securities Commission.
Item 4.	Ownership
(a)	Amount beneficially owned: 75000
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 75000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 75000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Polar Asset Management Partners Inc.

Signature:	Andrew Ma
Name/Title:	Chief Compliance Officer
Date:	02/17/2026

FAQ

What stake in Scantech AI Systems Inc (STAI) does Polar Asset Management report?

Polar Asset Management reports beneficial ownership of 75,000 Scantech AI Systems common shares. This holding represents 0% of the outstanding class, and the filing characterizes it as ownership of 5 percent or less, indicating a relatively small, non-controlling position in the company.

What type of filing did Polar Asset Management make for Scantech AI Systems (STAI)?

Polar Asset Management filed an Amendment No. 1 to Schedule 13G for Scantech AI Systems. Schedule 13G is a beneficial ownership report used by certain institutional investors to disclose positions, generally when they are passive and not seeking to influence control of the issuer.

Does Polar Asset Management seek to influence control of Scantech AI Systems (STAI)?

The filing states the securities were acquired and are held in the ordinary course of business. It also certifies they were not acquired and are not held for the purpose or effect of changing or influencing control of Scantech AI Systems, confirming a passive investment stance.

How much voting power does Polar Asset Management have in Scantech AI Systems (STAI)?

Polar Asset Management reports sole voting power over 75,000 Scantech AI Systems common shares and no shared voting power. It also reports sole dispositive power over the same 75,000 shares and no shared dispositive power, reflecting full control over how this specific block is voted and disposed.

Who directly holds the Scantech AI Systems (STAI) shares reported by Polar Asset Management?

The shares are directly held by Polar Multi-Strategy Master Fund, a Cayman Islands exempted company. Polar Asset Management Partners Inc., incorporated in Ontario, Canada, serves as investment advisor to this fund and reports beneficial ownership of the Scantech AI Systems common stock held by the fund.

What is Polar Asset Management’s regulatory status in relation to this STAI holding?

Polar Asset Management is registered with the Ontario Securities Commission as an investment fund manager, portfolio manager, exempt market dealer, and commodity trading manager. It files this Schedule 13G as an institutional investor managing the Scantech AI Systems position on behalf of its investment fund client.