ScanTech AI Systems Inc. recently disclosed a regulatory issue concerning its listing on the Nasdaq Stock Market. On July 30, 2025, the company received a deficiency letter from Nasdaq's Listing Qualifications Department, indicating non-compliance with Nasdaq Listing Rule 5450(b)(2)$(C)$. This rule mandates a minimum market value of publicly held shares (MVPHS) of $15 million. ScanTech's MVPHS had fallen below this threshold for 30 consecutive business days, ending July 28, 2025. The company has been granted a 180-day period, until January 26, 2026, to rectify this by ensuring its MVPHS closes at or above $15 million for at least ten consecutive business days. While this notice does not immediately affect the company's Nasdaq Global Market listing, failure to comply could result in delisting, though ScanTech may appeal or seek listing on the Nasdaq Capital Market if requirements are met.
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