Shares of ScanTech AI Systems Inc. (NASDAQ: STAI) are trading higher Tuesday after the company announced a strategic partnership that could significantly boost its public sector reach.
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The LOI reflects continued demand for ScanTech AI’s advanced screening technology and marks a key step toward 2025 revenue growth and broader market adoption
Atlanta, GA, July 15, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the “Company” or “ScanTech AI”) (Nasdaq: STAI), a leading innovator in advanced security screening technologies, today announced that the Company received a letter from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), indicating that for the 30 consecutive business days for the period of May 23, 2025 to July 8, 2025, the closing bid price of the Company’s common stock has been below the minimum $1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). This notice has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq.
