ScanTech Receives Nasdaq Listing Status Update
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
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Should l Buy STAI?
ScanTech provided an update regarding recent correspondence received from Nasdaq related to the company's continued listing status. On February 4, the company received a deficiency notice from Nasdaq's Listing Qualifications Department indicating that, based on Nasdaq's review of the company's market value of publicly held shares - or MVPHS - for the 30 consecutive business days ended February 3, the company did not meet the minimum MVPHS requirement of $15M under Nasdaq listing rules and that the company has a 180-day compliance period, through August 3, to regain compliance. Compliance may be achieved if the company's MVPHS closes at or above $15M for a minimum of ten consecutive business days during this period. Separately, on February 6, the company received a determination letter from the Nasdaq Hearing Panel denying the company's request for continued listing on the Nasdaq Global Market. The Panel's decision, which followed a hearing held on January 22, cited non-compliance with Nasdaq Listing Rules regarding the periodic filing requirement and minimum market value of listed securities. As a result, Nasdaq has notified the company that trading of its securities on the Nasdaq Global Market is scheduled to be suspended at the open of trading on February 10, unless further action is taken. The company has 15 days from receipt of the determination letter to request a review of the Panel's decision by the Nasdaq Listing and Hearing Review Council. The company is currently evaluating and intends to pursue available options, including submitting a request for review. In parallel, the company intends to apply for its common stock to be quoted on the OTCQB Venture Market.
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About STAI
ScanTech AI Systems Inc. is a security solution provider. The Company has developed advanced non-intrusive Fixed-Gantry Computed Tomography (CT) screening technologies and utilizes proprietary artificial intelligence (AI) and machine learning capabilities to accurately detect hazardous materials and contraband. ScanTech AI’s screening solutions are engineered to automatically locate, discriminate, and identify threat materials and items of interest at checkpoints in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities. ScanTech AI’s Fixed-Gantry CT scanners can detect, identify, precisely locate, and discriminate materials of interest hidden inside scanned targets. From suitcases, briefcases, and backpacks to large packages, and parcels, ScanTech AI has a non-intrusive inspection solution to meet the requirements of a range of critical infrastructure industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Reverse Stock Split: The company has implemented a reverse stock split to address bid-price mechanics and has timely submitted written materials to the Nasdaq Hearings Panel, demonstrating proactive measures to enhance governance and compliance discipline.
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- Compliance Period: According to Nasdaq rules, the company has a 180-day compliance period until August 3, 2026, to implement effective measures to regain compliance, which will significantly impact its future financing and operations.
- Stock Price Plunge: Shares of ScanTech AI Systems fell over 30% in after-market trading, reflecting investor concerns about the company's outlook and potentially leading to further liquidity issues that could affect its market performance.
- Reverse Stock Split Plan: The company is updating its Nasdaq compliance plan and has announced a reverse stock split to increase its share price and meet Nasdaq listing requirements, demonstrating its urgency to restore market confidence.
See More
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- Nasdaq Deficiency Notice: On February 4, 2026, ScanTech AI received a deficiency notice from Nasdaq indicating that its market value of publicly held shares did not meet the $15 million minimum requirement for 30 consecutive business days, putting it at risk of delisting and requiring compliance within 180 days.
- Hearing Panel Decision: On February 6, 2026, the Nasdaq Hearing Panel denied ScanTech AI's request for continued listing, citing non-compliance with periodic filing and minimum market value requirements, resulting in a scheduled suspension of trading on February 10, 2026, which could severely impact the company's financing capabilities.
- Review Request: The company has 15 days to request a review of the Panel's decision by the Nasdaq Listing and Hearing Review Council, and a successful review could potentially reverse the delisting decision, significantly affecting the company's future market performance.
- OTCQB Application: ScanTech AI intends to apply for its common stock to be quoted on the OTCQB Venture Market, although there is no assurance of meeting all eligibility requirements; this move aims to maintain liquidity and market visibility for the company while executing its operational strategy.
See More
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- Pilot Program Launch: ScanTech AI has signed a collaboration agreement with the City of Atlanta to provide its Sentinel™ AI CT Scanner System, aimed at enhancing city safety and operational efficiency in preparation for the 2026 FIFA World Cup, showcasing the company's technological prowess in public safety.
- Evaluation Period: The project will include performance monitoring, operator feedback collection, and algorithmic refinements, with ScanTech AI aiming to improve safety operations and enhance the experience for staff and visitors, thereby advancing infrastructure modernization.
- Market Expansion: ScanTech AI's growing portfolio of partnerships spans critical infrastructure environments including government, transportation, and nuclear facilities, indicating the company's expanding influence in the AI security technology sector to meet rising market demands.
- Investor Confidence Rebuilding: This pilot program reflects ScanTech AI's commitment to public sector collaboration, aiming to rebuild investor confidence through operational transparency and disciplined execution, further solidifying the company's market position.
See More
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- Compliance Restoration: ScanTech AI announced it has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing price above $1.00 per share during the required period, which marks a resolution of compliance issues and boosts investor confidence.
- Reporting Requirements Met: The company has satisfied the periodic reporting requirement under Nasdaq Rule 5250(c)(1) by filing its Form 10-Q for the quarter ended September 30, 2025, indicating significant progress in compliance and enhancing its market image.
- Structured Remediation Plan: By implementing a reverse stock split and ongoing collaboration with professional advisors, the company is systematically advancing its compliance initiatives aimed at improving financial flexibility and enhancing long-term stability, demonstrating its commitment to future growth.
- Remaining Compliance Issue: The company is currently focused on addressing the last remaining Nasdaq listing standard deficiency—the Minimum Value of Listed Securities requirement—with a hearing scheduled for January 22, 2026, and successful resolution would further solidify its market position.
See More
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- Compliance Restoration: ScanTech AI has received written confirmation from Nasdaq that it has regained compliance with Nasdaq Listing Rule 5250(c)(1), marking a significant step forward in the company's reporting compliance efforts.
- Reverse Stock Split: The company has implemented a reverse stock split to address bid-price mechanics and has timely submitted written materials to the Nasdaq Hearings Panel, demonstrating proactive measures to enhance governance and compliance discipline.
- Ongoing Restructuring Discussions: ScanTech AI is engaged in constructive discussions with certain creditors to evaluate its capital structure and liquidity position, and while no definitive agreements have been reached, these discussions are seen as crucial for strengthening the company's financial flexibility.
- Future Uncertainty: Despite the measures taken to address compliance issues, the company faces uncertainty regarding the outcome of the Nasdaq hearings process, which could impact its ability to maintain compliance and affect market performance.
See More
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- Accelerated Global Expansion: Standard AI's acquisition of Pathr.ai enables rapid expansion into 24 countries, enhancing its market position in the retail sector and driving business growth on a global scale.
- Enhanced Technology Integration: The addition of Pathr.ai founder George Shaw brings extensive spatial intelligence analysis experience, expected to elevate Standard AI's capabilities in computer vision, thereby providing retailers with more actionable insights.
- Measurable Business Impact: Standard AI's platform supports various in-store measurement applications, helping retailers make more informed decisions based on data, which is anticipated to drive higher ROI amid economic uncertainty.
- Industry Leadership: The acquisition signifies Standard AI's leadership in the computer vision space, and its compatibility with existing security cameras is expected to provide retailers with more efficient operational support, facilitating a shift towards data-driven decision-making in the industry.
See More
