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ScanTech AI Systems ( (STAI) ) has issued an announcement.
On April 25, 2025, ScanTech AI Systems Inc. entered into an unsecured promissory note with St. James Bank and Trust Company Ltd., agreeing to a loan of $2,850,000 with a 12% annual interest rate and a maturity date of October 25, 2025. The agreement allows for two 180-day extensions, with repayment options in cash, shares, or a combination. Additionally, a settlement agreement was reached to terminate a previous loan and release all claims. On April 28, 2025, ScanTech amended a bridge loan with Aegus Corporation, terminating the note and issuing 360,000 shares of common stock to Aegus.
More about ScanTech AI Systems
YTD Price Performance: -35.48%
Average Trading Volume: 5,476,416
Technical Sentiment Signal: Buy
Current Market Cap: $39.18M
For a thorough assessment of STAI stock, go to TipRanks’ Stock Analysis page.
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