ScanTech AI Systems Inc. received a deficiency notice from Nasdaq for not meeting the minimum market value of publicly held shares requirement of $15 million. The company has until August 3, 2026, to regain compliance. Nasdaq also denied the company’s request for continued listing due to non-compliance with listing rules. Trading of ScanTech AI’s securities on Nasdaq may be suspended on February 10, 2026, unless further action is taken. The company has 15 days to request a review of the decision. ScanTech AI plans to apply for its common stock to be quoted on the OTCQB Venture Market as an alternative.

Read more at GlobeNewswire: ScanTech AI Systems Inc. Announces Nasdaq Delisting