Oil prices fall as key Russian port resumes loadings, easing supply risks
ATLANTA - ScanTech AI Systems Inc. (NASDAQ:STAI) has regained compliance with Nasdaq’s minimum market value of publicly held shares requirement, the company announced Monday. The security technology firm, currently trading at $0.43 per share with a market capitalization of approximately $28 million, has faced significant market challenges with its stock down over 96% in the past year.
According to a letter from Nasdaq dated November 5, 2025, ScanTech AI’s market value of publicly held shares remained above the required $15 million threshold for 16 consecutive trading days from September 30 through November 4, 2025, satisfying the Nasdaq Listing Rule 5450(b)(2)(C).
"This recompliance confirmation from Nasdaq underscores the tangible progress we’ve made in working to stabilize our market valuation, strengthen governance, and align with our broader re-compliance roadmap," said Dolan Falconer, Chief Executive Officer of ScanTech AI, in a press release statement.
The AI-powered security screening technology developer initiated a strategic re-compliance plan earlier this year that includes enhanced financial reporting oversight and the engagement of Berkowitz Pollack Brant Advisors + CPAs as independent auditor. The company is also developing financing programs, including an investment and purchase agreement with ARC Group International Ltd.
FSR Capital, a division of FSR Group Pte Ltd, continues to advise ScanTech AI on governance and financing matters as part of its compliance efforts.
ScanTech AI develops non-intrusive CT screening technologies that utilize artificial intelligence to detect hazardous materials and contraband. The company’s systems are designed for use in security-sensitive locations such as airports, seaports, and government buildings.
The company stated it intends to continue working toward full compliance with all Nasdaq listing standards while executing its technology and commercialization initiatives.
In other recent news, ScanTech AI Systems Inc. announced it will restate its financial statements for the quarters ending March 31, 2025, and June 30, 2025, due to an error in accounting for compensation expenses related to a share issuance. The company also received default notices from Southern Point Capital Corporation concerning a promissory note agreement, which could lead to mandatory repayment and increased conversion discounts. In a strategic move, ScanTech AI appointed Berkowitz Pollack Brant Advisors + CPAs as its new independent auditor to enhance financial reporting and internal controls. Additionally, the company secured a $50 million equity line of credit from ARC Group International Ltd., with an initial $500,000 equity investment contingent on SEC registration of shares. ScanTech has amended its corporate bylaws ahead of its annual meeting, following the default notices. These developments reflect ongoing efforts to address financial and compliance challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.