ScanTech AI Systems Inc. has initiated the appeal process with Nasdaq regarding the delisting determination.
The Company's common stock will continue to trade on The Nasdaq Global Market during the stay period until January 22, 2026.
The suspension and delisting action have been stayed until December 17, 2025, pending the appeal process.
Appeal Hearing Scheduled
A hearing before the Nasdaq Hearings Panel is set for January 22, 2026, to appeal the delisting determination.
Compliance Plan Preparation
The Company plans to present a comprehensive compliance plan to the Nasdaq Hearings Panel to address compliance requirements.
Continued Operations
The Nasdaq process does not affect the day-to-day operations or ongoing strategic initiatives of the Company.
- The Company remains confident in its ability to demonstrate compliance but acknowledges uncertainties about the hearing outcome and future compliance.
- Business operations, customer commitments, and strategic initiatives remain unaffected by the Nasdaq process.
Despite the challenges, ScanTech AI Systems Inc. is focused on maintaining compliance with Nasdaq listing criteria and ensuring smooth business operations.