ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (NASDAQ:STAI) today announced that its Chief Executive Officer, Dolan Falconer, and Chief Financial Officer, James White, presented on behalf of the Company at a hearing before the Nasdaq Hearings Panel on January 22, 2026.

During the hearing, management outlined the Company's progress to date and its ongoing plan to address the remaining listing compliance matter, consistent with the written submission and subsequent updates previously provided to Nasdaq. The Company confirmed that it is now actively executing on the steps described to the Panel, including continued engagement with creditors and capital markets counterparties, as part of its broader balance-sheet regularization and re-compliance strategy. The Company believes it will make significant progress in an extension or exception given by the Panel, if any.

As previously disclosed, ScanTech AI has resolved multiple Nasdaq listing deficiencies over recent months, including deficiencies related to periodic reporting, minimum bid price, and market value of publicly held shares. The Company's current focus remains on addressing the remaining Market Value of Listed Securities requirement in an orderly manner.

ScanTech AI also confirmed that its common stock continues to trade on Nasdaq during the pendency of the Panel's deliberations and until a final written decision is issued.

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