ScanTech announces restated Q1, reviewed Q2 statements under new auditor

ScanTech (STAI) AI Systems filed restated financial statements for the quarter ended March 31, 2025 and reviewed financial statements for the quarter ended June 30, 2025 with the U.S. Securities and Exchange Commission. The filings were completed under the oversight of the Company’s new independent registered public accounting firm, Berkowitz Pollack Brant Advisors + CPAs. These filings mark a significant milestone in ScanTech AI’s Nasdaq re-compliance and financial reporting program. The restatement follows the Company’s prior determination of non-reliance on previously issued interim financials, and reflects adjustments identified during the transition to BPB as the Company’s independent auditor. The reviewed Q2 2025 financials provide investors with an independently evaluated view of the Company’s financial position at the time. The Company continues to work toward finalizing and filing its Q3 2025 financial statements, with the aim to bring the company back into compliance with filings by early December 2025.