By Kailyn Rhone
Shares of ScanTech AI Systems jumped after the company said it sees growth opportunities and more funding options.
The company's stock rose 34% to $2.93 in after-hours trading Wednesday. For the week, shares are down 76%.
The screening solutions company said it is well-positioned to pursue growth opportunities following its listing on Nasdaq. With lower costs, faster processing and fewer maintenance issues, ScanTech AI is gaining traction across various markets, including airport and border security.
ScanTech AI announced the completion of its business combination with Mars Acquisition Corp., a special purpose acquisition company, on Jan. 2. The company began trading on Nasdaq under the ticker STAI on Jan. 3.
"ScanTech AI's funding options have expanded as a public company, which will help drive growth and the execution of its commercial sales strategy," said Chairman Karl Brenza.
Write to Kailyn Rhone at kailyn.rhone@wsj.com
(END) Dow Jones Newswires
January 08, 2025 18:41 ET (23:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。