Major Investor Quietly Trims Stake in ScanTech AI Systems

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2025.12.30 02:06
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Significant shareholder Seaport Global Asset Management LLC has reduced its stake in ScanTech AI Systems (STAI) by selling 3,000 shares for $12,450. This comes amid ongoing Nasdaq listing challenges, including a recent 1-for-20 reverse stock split aimed at meeting minimum bid requirements. ScanTech has also filed its September 30, 2025 Form 10-Q to address prior delinquency issues. The company secured near-term liquidity through a convertible promissory note with Vanquish Funding Group, though this may lead to future equity dilution. Overall, market sentiment remains bearish despite these actions.