ScanTech AI Systems Inc. Announces Nasdaq Delisting Determination, Pending Trading Suspension, and Intent to Seek OTCQB Quotation
MWN-AI** Summary
ScanTech AI Systems Inc. (Nasdaq: STAI), an innovator in AI-powered security screening technologies, has announced a significant development regarding its listing status on The Nasdaq Global Market. On February 4, 2026, the company received a deficiency notice from Nasdaq's Listing Qualifications Department, signaling its failure to meet the minimum market value of publicly held shares (MVPHS) requirement of $15 million for 30 consecutive business days. In response to this notice, ScanTech AI has a compliance period of 180 days, expiring on August 3, 2026, to regain adherence to this requirement.
However, following a hearing on January 22, 2026, Nasdaq's Hearing Panel rejected the company’s request for continued listing, citing non-compliance with periodic filing and MVPHS requirements. Consequently, trading of ScanTech AI’s securities on Nasdaq is set to be suspended on February 10, 2026, unless the company takes further action. ScanTech is evaluating options, which include appealing the Panel's decision to the Nasdaq Listing and Hearing Review Council.
In addition to seeking to overturn the delisting decision, ScanTech AI plans to apply for its common stock to be quoted on the OTCQB Venture Market, although there is no guarantee of acceptance. The company's leadership emphasizes a commitment to strengthening operational strategies and compliance, while simultaneously keeping shareholders informed through the evolving situation.
ScanTech AI specializes in advanced non-intrusive CT screening technologies that leverage artificial intelligence for security applications across various sectors, including airports and government facilities. The company remains focused on optimizing its financial outlook and compliance as it navigates these challenges.
MWN-AI** Analysis
The recent announcement from ScanTech AI Systems Inc. regarding Nasdaq delisting poses significant implications for investors. The company's failure to meet Nasdaq's minimum market value requirement and periodic filing obligations has triggered a suspension of trading, effective February 10, 2026. While ScanTech AI is pursuing a review of the decision and exploring the possibility of transitioning to the OTCQB market, this uncertain environment warrants a cautious stance for potential and existing shareholders.
Investors should closely monitor the firm’s compliance efforts over the next 180 days. The ability to regain compliance hinges on achieving a market value over $15 million for ten consecutive days—a tall order given the current challenges. Moreover, as ScanTech seeks to maintain trading through the OTCQB, the transition could lead to reduced liquidity and market visibility, potentially amplifying share price volatility.
Despite these hurdles, it's important to recognize the underlying value in ScanTech’s advanced AI-powered security technology, which caters to vital sectors such as aviation and governmental security. This growth potential could be an attractive long-term investment thesis for those with a high risk tolerance.
Short-term investors or those reliant on liquidity may want to reconsider their positions until there is greater clarity on the company’s compliance status and market strategy. Those committed to the investment should establish well-defined exit strategies to mitigate the risks associated with potential OTC trading.
In sum, cautious strategies should be considered for ScanTech AI. Monitor developments closely, pay attention to compliance updates, and be prepared for an uncertain trading landscape in the near term.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Atlanta, GA, Feb. 09, 2026 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging technologies, today provided an update regarding recent correspondence received from The Nasdaq Stock Market LLC (“Nasdaq”) related to the Company’s continued listing status.
On February 4, 2026, the Company received a deficiency notice from Nasdaq’s Listing Qualifications Department indicating that, based on Nasdaq’s review of the Company’s market value of publicly held shares (“MVPHS”) for the 30 consecutive business days ended February 3, 2026, the Company did not meet the minimum MVPHS requirement of $15 million under Nasdaq Listing Rule 5450(b)(2)(C). In accordance with Nasdaq rules, the Company has a 180-day compliance period, through August 3, 2026, to regain compliance. Compliance may be achieved if the Company’s MVPHS closes at or above $15 million for a minimum of ten consecutive business days during this period.
Separately, on February 6, 2026, the Company received a determination letter from the Nasdaq Hearing Panel denying the Company’s request for continued listing on the Nasdaq Global Market. The Panel’s decision, which followed a hearing held on January 22, 2026, cited non-compliance with Nasdaq Listing Rules 5250(c)(1) (the periodic filing requirement) and 5450(b)(2)(A) (the minimum market value of listed securities requirement). As a result of this determination, Nasdaq has notified the Company that trading of its securities on the Nasdaq Global Market is scheduled to be suspended at the open of trading on February 10, 2026, unless further action is taken.
Under Nasdaq rules, the Company has fifteen (15) days from receipt of the determination letter to request a review of the Panel’s decision by the Nasdaq Listing and Hearing Review Council. The Company is currently evaluating and intends to pursue available options, including submitting a request for review. If the Listing Council elects to review the matter, it may affirm, modify, reverse, dismiss, or remand the Panel’s decision.
In parallel, the Company intends to apply for its common stock to be quoted on the OTCQB Venture Market. There can be no assurance that the Company will meet all eligibility requirements or that OTC Markets Group, Inc. will approve the application.
ScanTech AI remains focused on executing its operational strategy, advancing customer engagements, and strengthening its financial and compliance posture. The Company will continue to keep shareholders informed as developments occur.
About ScanTech AI
ScanTech AI Systems Inc. (Nasdaq: STAI) has developed one of the world’s most advanced non-intrusive ‘fixed-gantry’ CT screening technologies. Utilizing proprietary artificial intelligence and machine learning capabilities, ScanTech AI’s state-of-the-art scanners accurately and quickly detect hazardous materials and contraband. Engineered to automatically locate, discriminate, and identify threat materials and items of interest, ScanTech AI’s solutions are designed for use in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where security is a priority.
For more information, visit www.scantechais.com and investor.scantechais.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company’s expectations, plans, intentions, strategies, and prospects with respect to the Nasdaq delisting process, the suspension of trading of the Company’s securities on The Nasdaq Global Market, any request for review by the Nasdaq Listing and Hearing Review Council and the timing and outcome thereof, the Company’s ability to obtain quotation of its common stock on the OTCQB Venture Market or any other trading market, and the Company’s future operations, liquidity, capital resources, and compliance efforts following any delisting.
Words such as “may,” “will,” “could,” “would,” “should,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” “seek,” “goal,” “target,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.
Forward-looking statements are based on the Company’s current expectations and assumptions as of the date of this press release and are subject to a number of risks, uncertainties, and assumptions, many of which are beyond the Company’s control. Actual results may differ materially from those expressed or implied by forward-looking statements due to factors including, but not limited to, the risk that the Company is unable to successfully obtain review or relief from the Nasdaq delisting determination, the suspension or termination of trading of the Company’s securities on Nasdaq, the Company’s inability to meet the eligibility requirements for quotation on the OTCQB or any other trading market, reduced liquidity and trading volume of the Company’s securities following any delisting, volatility in the market price of the Company’s common stock, the Company’s ability to continue as a going concern, and general market, economic, capital markets, and liquidity conditions.
Additional risks and uncertainties are described under the heading “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as in the Company’s Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.
Media Contact
ScanTech AI Systems Inc.
D. Williams Sr., Senior VP Sales, Business Development & Investor Relations
[email protected]
Investor & Media Relations Contact:
International Elite Capital Inc.
Annabelle Zhang
+1(646) 866-7928
[email protected]
FAQ**
How does ScanTech AI Systems Inc. plan to address the compliance issues raised by Nasdaq regarding their MVPHS under the Systems Technology Assoc STAI, and what steps will they take to regain compliance within the given 180-day period?
What implications does the Nasdaq Hearing Panel's denial of ScanTech AI's request for continued listing have for the company's operational strategy and investor confidence, particularly regarding Systems Technology Assoc STAI?
In what ways can ScanTech AI leverage its advanced non-intrusive screening technologies to enhance market valuation and potentially meet Nasdaq's requirements as part of the Systems Technology Assoc STAI initiatives?
How might the transition to the OTCQB Venture Market impact ScanTech AI's visibility and liquidity among investors compared to its listing under Systems Technology Assoc STAI on Nasdaq?
**MWN-AI FAQ is based on asking OpenAI questions about Systems Technology Assoc (NASDAQ: STAI).
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