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ScanTech AI Eliminates $30M in Legacy Debt with Equity Restricted Shares, Strengthening Balance Sheet and Protecting Stockholder Value
GlobeNewswire·2025-05-08 21:15

30MDebt−to−EquityConversionsFortifyBalanceSheet,SupportingStrategicGrowthandStockholderValueAtlanta,GA,May08,2025(GLOBENEWSWIRE)−−ScanTechAISystemsInc.(the"Company"or"ScanTechAI")(Nasdaq:STAI),aleadinginnovatorinadvancedsecurityscreeningtechnologies,todayannouncedthesuccessfulcompletionofanapproximate30M Debt-to-Equity Conversions Fortify Balance Sheet, Supporting Strategic Growth and Stockholder ValueAtlanta, GA, May 08, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a leading innovator in advanced security screening technologies, today announced the successful completion of an approximate 30 million debt/equity restructuring into approximately 15 million unregistered shares of common stock with key institutional stakeholders as detailed in the Comp ...