ScanTech AI Systems Inc. received a staff delisting determination from Nasdaq due to not meeting the minimum market value of listed securities requirement.
The company has requested a hearing before the Nasdaq Hearings Panel by December 3, 2025, to address the non-compliance issues.
Despite the delisting notice, ScanTech AI Systems Inc. remains focused on business operations and Nasdaq listing compliance.
Delisting Notice
On November 26, 2025, Nasdaq notified ScanTech AI Systems Inc. of its securities' potential delisting due to non-compliance with market value rules.
Compliance Plan
The company intends to present a comprehensive compliance plan at the hearing to address the delisting issues and recent filing status.
Quarterly Reports
ScanTech AI Systems Inc. faced delisting due to the failure to timely file Quarterly Reports on Form 10-Q, which served as a separate basis for delisting.
- The delisting determination poses a significant challenge for ScanTech AI Systems Inc.'s market position and investor confidence.
- Submitting a compliance plan and addressing the filing status are crucial steps for the company to regain and maintain Nasdaq listing compliance.
ScanTech AI Systems Inc. is actively working on its compliance plan and remains committed to its operational and strategic goals amidst the delisting concerns.