ScanTech AI Systems Inc. has disclosed updates regarding its existing corporate loan agreements. The company previously entered into a senior secured promissory note with 340 Broadway Holdings LLC for a principal amount of $1,000,000, which bears interest at an annual rate of 15% and matures on January 22, 2026. This note was later assigned to Silverback Capital Corporation. On October 23, 2025, Silverback issued a notice asserting that ScanTech AI Systems failed to make a required quarterly interest payment and did not provide adequate advance notice of the missed payment, which Silverback claims constitutes an event of default. As a result, Silverback asserts that the outstanding principal has increased to $1,112,500. Additionally, ScanTech had entered into a Securities Purchase Agreement with 340 Broadway Holdings LLC, issuing a separate senior secured promissory note for up to $1,500,000, a portion of which was later assigned to Southern Point Capital Corporation. An event of default under the original note may trigger an event of default under this larger note, potentially resulting in heightened interest rates and less favorable conversion terms for future debt-to-equity conversions. The company is currently reviewing the assertions made in the notice and has not conceded to the claims.