ScanTech AI Systems Signs Term Sheet for $20 Million Financing with ARC Group to Enhance Liquidity and Strategic Flexibility
ScanTech AI Systems Inc. - Common stock (STAI)
Company Research
Source: GlobeNewswire
Atlanta, GA, Nov. 24, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging systems, today announced that it has entered into a non-binding term sheet with ARC Group International Ltd. (“ARC Group”) for a proposed $20 million subordinated convertible note facility financing (the “Proposed Financing”). The Company believes that this prospective financing will complement and operate alongside the Company’s previously announced ARC Investment Agreement and Equity Line of Credit (“ELOC”), providing ScanTech with greater flexibility in managing working capital, supporting ongoing commercial deployments, and strengthening its balance sheet as it executes its near-term growth objectives. Under the term sheet, the Company would have access to up to $6 million upon the initial closing, following the filing of a registration statement on Form S-1 with the U.S. Securities and Excha
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- ScanTech AI Systems Announces Restated Q1 and Reviewed Q2 2025 Financial Statements Under New Auditor — Key Step in Nasdaq Re-Compliance Program [Yahoo! Finance]Yahoo! Finance
- ScanTech AI Systems Announces Restated Q1 and Reviewed Q2 2025 Financial Statements Under New Auditor — Key Step in Nasdaq Re-Compliance ProgramGlobeNewswire
STAI
Sec Filings
- 12/4/25 - Form 8-K
- 12/2/25 - Form 8-K
- 12/1/25 - Form 8-K
- STAI's page on the SEC website