1. STAI filed its Quarterly Report, addressing prior Nasdaq requirements. 2. The company is under delisting review, with a hearing on January 22, 2026. 3. A 1-for-20 reverse stock split is effective December 15, 2025. 4. Management engaged advisors to enhance compliance and reporting structure. 5. CEO emphasizes commitment to restoring governance and transparency.
FAQ
Why Bullish?
The filing of the report and reverse split demonstrate commitment to compliance. Historically, timely compliance actions can restore investor confidence and stabilize stock prices.
How important is it?
The article addresses compliance efforts key to STAI's listing status, impacting investor interest. These actions are immediate steps to stabilize stock performance amidst potential delisting.
Why Short Term?
The upcoming hearing on January 22, 2026, is likely to influence market sentiment. Compliance actions taken are immediate but need to be sustained for long-term effects.
ScanTech AI Systems Provides Update on Nasdaq Compliance Plan and Listing Status
Atlanta, GA, Dec. 15, 2025 – ScanTech AI Systems Inc. (Nasdaq: STAI), a leader in AI-powered security screening technology, has officially announced significant developments in its efforts to comply with Nasdaq listing standards. The company has filed its Quarterly Report on Form 10-Q for the quarter ending September 30, 2025, effectively bringing its reporting obligations up to date and resolving the previously identified delinquent filing issue.
Recent Developments in Nasdaq Compliance
In light of a delisting determination issued by Nasdaq on November 26, 2025, ScanTech AI requested a hearing before the Nasdaq Hearings Panel, set for January 22, 2026. Meanwhile, the company’s stock will continue to be listed and traded while the hearings process takes place.
As part of its commitment to compliance, ScanTech AI has approved a 1-for-20 reverse stock split of its issued and outstanding common stock, effective after market close on December 15, 2025. Trading on a split-adjusted basis is expected to begin on December 16, 2025. This strategic move aims to help the company meet Nasdaq's minimum bid price requirements and enhance its ability to navigate capital market initiatives.
Action Plan for Strengthening Compliance
Over the past four months, ScanTech AI has undertaken several proactive measures to strengthen its governance framework and compliance posture:
- Filing amended and current periodic reports to rectify reporting deficiencies.
- Engaging external advisors with expertise in capital markets and Nasdaq compliance.
- Submitting an application to move its listing from The Nasdaq Global Market to The Nasdaq Capital Market.
- Implementing a reverse stock split to align with Nasdaq's objective listing requirements.
- Enhancing internal processes for oversight and disclosure in financial reporting and governance.
CEO's Insights on Compliance Efforts
Dolan Falconer, CEO of ScanTech AI Systems, remarked, “Over the past several months, we have taken deliberate and substantive steps to address our Nasdaq compliance challenges and restore procedural discipline across our reporting and governance processes.” He emphasized that the filing of the Quarterly Report and the reverse stock split are integral parts of a comprehensive strategy to stabilize the company and preserve its Nasdaq listing.
Falconer added, “While there is still work ahead, we believe these actions demonstrate our commitment to transparency, accountability, and constructive engagement with Nasdaq as we move toward the hearing process in January.”
Looking Ahead
ScanTech AI Systems continues to collaborate with Nasdaq, presenting its compliance plan at the upcoming hearing. However, the company acknowledges that there is no guarantee that the Nasdaq Hearings Panel will extend compliance time or that the company will ultimately maintain its listing.
About ScanTech AI
ScanTech AI Systems Inc. (Nasdaq: STAI) is recognized for developing advanced, non-intrusive ‘fixed-gantry’ CT screening technologies. Leveraging cutting-edge artificial intelligence and machine learning, ScanTech AI’s scanners reliably identify and quickly detect hazardous materials. Their solutions are designed for critical security areas such as airports, seaports, government buildings, and corporate facilities.
For more information, visit www.scantechais.com and investor.scantechais.com.
Forward-Looking Statements
This article contains forward-looking statements regarding ScanTech AI's future performance and compliance with Nasdaq standards. These statements, including anticipated timelines and operational capabilities, are contingent upon various risks and uncertainties. Readers should exercise caution and not rely excessively on these future projections.
Media Contacts
For media inquiries, please contact:
- D. Williams, Sr. VP Sales & Investor/Government Relations, dwilliams@scantechais.com
- International Elite Capital Inc., Annabelle Zhang, +1(646) 866-7928, annabelle@iecapitalusa.com