ScanTech AI Eliminates $30M in Legacy Debt with Equity Restricted Shares, Strengthening Balance Sheet and Protecting Stockholder Value

Atlanta, GA, May 08, 2025 (GLOBE NEWSWIRE) -- 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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