December 2, 2025 — Leads & Copy — ScanTech AI Systems Inc. (Nasdaq: STAI) has announced that its securities are subject to delisting from the Nasdaq Global Market, according to a notice from the Nasdaq Listing Qualifications Department on November 26, 2025.
The company had previously been notified on May 27, 2025, that its listed securities’ market value fell below the required minimum of $50,000,000 for continued listing under Nasdaq Listing Rule 5450(b)(2)(A) for 30 consecutive trading days. ScanTech AI was given 180 calendar days, until November 23, 2025, to regain compliance.
The recent notice states that trading of ScanTech AI’s common stock will be suspended at the opening of business on December 5, 2025, and Nasdaq will file a Form 25-NSE with the U.S. Securities and Exchange Commission (SEC), unless the company requests a hearing before the Nasdaq Hearings Panel by December 3, 2025.
ScanTech AI has requested a hearing before the Panel and paid the fee. Because the notice also cites non-compliance with Nasdaq Listing Rule 5250(c)(1) regarding timely filing of periodic reports, the company will receive an automatic 15-day stay of suspension. ScanTech AI has also requested an extended stay of suspension pending the outcome of the hearing.
At the hearing, ScanTech AI plans to present a compliance plan addressing both the market value and filing status deficiencies.
The notice referenced the company’s failure to timely file its Quarterly Reports on Form 10-Q for the periods ended June 30, 2025, and September 30, 2025. The company is ineligible for Staff to accept a compliance plan regarding these late filings, which is a separate basis for delisting.
Since the notice, ScanTech AI has filed its amended and restated Form 10-Q/A for the quarter ended March 31, 2025, and its amended Form 10-Q/A for the quarter ended June 30, 2025. The company expects to file its Form 10-Q for the quarter ended September 30, 2025, as soon as practicable.
Before receiving the notice, ScanTech AI submitted an application on November 6, 2025, to transfer its listing to the Nasdaq Capital Market, where the minimum Market Value of Listed Securities requirement is $35 million. This application is under review.
The company remains committed to maintaining its Nasdaq listing and continuing to execute its operational and strategic initiatives. The notice does not affect ScanTech AI’s day-to-day business operations.
ScanTech AI Systems Inc. (Nasdaq: STAI) has developed fixed-gantry CT screening technologies using artificial intelligence and machine learning to detect hazardous materials and contraband. Its scanners are engineered for use in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where security is a priority.
D. Williams Sr. VP Sales & Investor/Government Relations can be reached at dwilliams@scantechais.com. Annabelle Zhang of International Elite Capital Inc. can be contacted at +1(646) 866-7928 or annabelle@iecapitalusa.com.
Source: ScanTech AI Systems Inc.
