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ScanTech AI Systems ( (STAI) ) has issued an update.
ScanTech AI Systems Inc. is facing a potential financial challenge as it received a notice from Silverback Capital Corporation on October 23, 2025, regarding a missed quarterly interest payment on a senior secured promissory note. The notice claims an ‘Event of Default,’ which could impact the company’s financial condition if unresolved. Additionally, this alleged default may trigger further financial repercussions under a related note agreement with Southern Point Capital Corporation, potentially leading to increased default interest and conversion discounts.
More about ScanTech AI Systems
Average Trading Volume: 12,994,909
Technical Sentiment Signal: Sell
Current Market Cap: $42.12M
Find detailed analytics on STAI stock on TipRanks’ Stock Analysis page.