ScanTech AI Systems Completes $30M Debt/Equity Restructuring Into About 15M Unregistered Common Shares With Key Institutional Stakeholders

-21.32% Post

Systems Technology Associates, Inc.

STAI

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0.20

-21.32%

-2.49% Post

ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (NASDAQ:STAI), a leading innovator in advanced security screening technologies, today announced the successful completion of an approximate $30 million debt/equity restructuring into approximately 15 million unregistered shares of common stock with key institutional stakeholders as detailed in the Company's recently Form 8-Ks filed with the U.S. Securities and Exchange Commission.

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