ScanTech AI Faces Nasdaq Compliance Challenges

ScanTech AI Systems ( (STAI) ) has issued an announcement.

On May 29, 2025, ScanTech AI Systems Inc. announced that it received two deficiency letters from Nasdaq regarding non-compliance with certain listing requirements. The first notice, received on May 22, 2025, was due to the company’s failure to timely file its Quarterly Report for the period ended March 31, 2025, which gives the company 60 days to submit a compliance plan. The second notice, received on May 27, 2025, was related to the company’s failure to maintain a minimum market value of listed securities, providing a 180-day period to regain compliance. Both notices currently have no immediate effect on the company’s stock listing on Nasdaq, but failure to comply may lead to delisting or transfer to the Nasdaq Capital Market.

More about ScanTech AI Systems

ScanTech AI Systems Inc. is a leading innovator in advanced security screening technologies, specializing in non-intrusive ‘fixed-gantry’ CT screening technologies that utilize proprietary artificial intelligence and machine learning capabilities. Their scanners are designed to detect hazardous materials and contraband in various high-security locations such as airports, seaports, borders, and government buildings.

Average Trading Volume: 732,482

Technical Sentiment Signal: Sell

Current Market Cap: $24.59M

For a thorough assessment of STAI stock, go to TipRanks’ Stock Analysis page.