ScanTech AI CEO Reports Compliance Progress at Nasdaq Hearing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2026
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Should l Buy STAI?
ScanTech AI Systems 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. "We appreciate the opportunity to present directly to the Hearings Panel and to address their questions," said Dolan Falconer, Chief Executive Officer of ScanTech AI. "The Company is focused on execution, transparency, and completing the final steps of our re-compliance plan in a manner that the Company believes supports long-term stability and shareholder interests."
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About STAI
ScanTech AI Systems Inc. is a security solution provider. The Company has developed advanced non-intrusive Fixed-Gantry Computed Tomography (CT) screening technologies and utilizes proprietary artificial intelligence (AI) and machine learning capabilities to accurately detect hazardous materials and contraband. ScanTech AI’s screening solutions are engineered to automatically locate, discriminate, and identify threat materials and items of interest at checkpoints in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities. ScanTech AI’s Fixed-Gantry CT scanners can detect, identify, precisely locate, and discriminate materials of interest hidden inside scanned targets. From suitcases, briefcases, and backpacks to large packages, and parcels, ScanTech AI has a non-intrusive inspection solution to meet the requirements of a range of critical infrastructure industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Evaluation Period: The project will include performance monitoring, operator feedback collection, and algorithmic refinements, with ScanTech AI aiming to improve safety operations and enhance the experience for staff and visitors, thereby advancing infrastructure modernization.
- Market Expansion: ScanTech AI's growing portfolio of partnerships spans critical infrastructure environments including government, transportation, and nuclear facilities, indicating the company's expanding influence in the AI security technology sector to meet rising market demands.
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See More
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- Evaluation Period: The project will include performance monitoring, operator feedback collection, and algorithmic refinements, with ScanTech AI aiming to improve safety operations and enhance the experience for staff and visitors, thereby advancing infrastructure modernization.
- Market Expansion: ScanTech AI's growing portfolio of partnerships spans critical infrastructure environments including government, transportation, and nuclear facilities, indicating the company's expanding influence in the AI security technology sector to meet rising market demands.
- Investor Confidence Rebuilding: This pilot program reflects ScanTech AI's commitment to public sector collaboration, aiming to rebuild investor confidence through operational transparency and disciplined execution, further solidifying the company's market position.
See More
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- Reporting Requirements Met: The company has satisfied the periodic reporting requirement under Nasdaq Rule 5250(c)(1) by filing its Form 10-Q for the quarter ended September 30, 2025, indicating significant progress in compliance and enhancing its market image.
- Structured Remediation Plan: By implementing a reverse stock split and ongoing collaboration with professional advisors, the company is systematically advancing its compliance initiatives aimed at improving financial flexibility and enhancing long-term stability, demonstrating its commitment to future growth.
- Remaining Compliance Issue: The company is currently focused on addressing the last remaining Nasdaq listing standard deficiency—the Minimum Value of Listed Securities requirement—with a hearing scheduled for January 22, 2026, and successful resolution would further solidify its market position.
See More
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- Reverse Stock Split: The company has implemented a reverse stock split to address bid-price mechanics and has timely submitted written materials to the Nasdaq Hearings Panel, demonstrating proactive measures to enhance governance and compliance discipline.
- Ongoing Restructuring Discussions: ScanTech AI is engaged in constructive discussions with certain creditors to evaluate its capital structure and liquidity position, and while no definitive agreements have been reached, these discussions are seen as crucial for strengthening the company's financial flexibility.
- Future Uncertainty: Despite the measures taken to address compliance issues, the company faces uncertainty regarding the outcome of the Nasdaq hearings process, which could impact its ability to maintain compliance and affect market performance.
See More
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- Enhanced Technology Integration: The addition of Pathr.ai founder George Shaw brings extensive spatial intelligence analysis experience, expected to elevate Standard AI's capabilities in computer vision, thereby providing retailers with more actionable insights.
- Measurable Business Impact: Standard AI's platform supports various in-store measurement applications, helping retailers make more informed decisions based on data, which is anticipated to drive higher ROI amid economic uncertainty.
- Industry Leadership: The acquisition signifies Standard AI's leadership in the computer vision space, and its compatibility with existing security cameras is expected to provide retailers with more efficient operational support, facilitating a shift towards data-driven decision-making in the industry.
See More
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- Independent Director Appointment: Cavanaugh is recognized as an independent director and will serve on the Audit and Compensation Committees, bringing over 20 years of experience in industrial automation and security technology that will provide valuable industry insights to the company.
- Technological Integration Advantage: Cavanaugh's expertise in AI-enabled operational platforms and predictive analytics is anticipated to assist ScanTech AI in better integrating technology within complex industrial and security environments, thereby facilitating the global delivery of its SENTINEL® CT platform.
- Market Expansion Opportunity: His appointment coincides with the company's expansion in the nuclear and critical infrastructure sectors, particularly highlighted by strong engagement at the World Nuclear Exhibition, which is expected to further strengthen partnerships with global markets.
See More
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- Independent Director Appointment: Cavanaugh is recognized as an independent director and will serve on the Audit and Compensation Committees, bringing over 20 years of experience in industrial automation and security technology, which will provide valuable strategic guidance for advancing the company's technology portfolio.
- Market Expansion: His appointment coincides with the company's ongoing expansion in the nuclear and critical infrastructure sectors, highlighted by strong engagement at the World Nuclear Exhibition, which is expected to further drive business growth in these high-demand markets.
- Financial Governance Strengthening: Under the oversight of its new independent auditor, ScanTech AI has strengthened its financial reporting and governance processes, ensuring compliance with Nasdaq requirements and supporting the smooth execution of its commercial strategy.
See More
