Scantech(688583.SH)

ScanTech AI Systems Implements Reverse Stock Split

ScanTech AI Systems Inc. has executed a reverse stock split as part of its efforts to comply with Nasdaq's bid-price requirements. This move is part of the company's broader re-compliance initiatives.

Major Investor Quietly Trims Stake in ScanTech AI Systems

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.

Seaport Global Asset Management Sells Common Shares of ScanTech AI Systems Inc

Seaport Global Asset Management LLC has disposed of common shares of ScanTech AI Systems Inc. The full filing is available through the provided link. This news was generated by Public Technologies (PUBT) using AI and is for informational purposes only, not to be considered as financial, investment, or legal advice. ScanTech AI Systems Inc. published the original content via EDGAR on December 29, 2025, and is responsible for the information.

ScanTech AI Systems Enacts 1-for-20 Reverse Stock Split

ScanTech AI Systems Inc. announced a 1-for-20 reverse stock split effective December 15, 2025. Trading on a split-adjusted basis starts December 16, 2025, under ticker "STAI." No fractional shares will be issued; cash payments will replace them. This announcement was made via EDGAR by the U.S. SEC.

ScanTech AI Systems shares are trading lower after the company announced a Nasdaq delisting notice.