ScanTech AI Systems Inc. 8-K

What Happened

• On February 2, 2026 ScanTech AI Systems Inc. announced a Settlement of Indebtedness with Maximcash Solutions LLC to resolve alleged defaults under a Business Loan and Security Agreement dated May 14, 2025.
• Under the settlement the Company will issue 350,000 shares of common stock (par value $0.0001) to Maximcash in exchange for a full release and discharge of the indebtedness, recorded as $608,997.31, and termination of the Loan Agreement and related loan documents. The Settlement Agreement is filed as Exhibit 10.1 to the Form 8-K.

Key Details

• Settlement date: February 2, 2026; original Loan Agreement date: May 14, 2025.
• Shares issued: 350,000 shares of common stock; debt discharged: $608,997.31.
• Maximcash must file a stipulated dismissal with prejudice of its lawsuit within two business days after receiving the shares.
• Maximcash received “piggyback” registration rights that could require the Company to include these shares in a future SEC registration.

Why It Matters

• The company resolved a legal dispute and eliminated about $609k of reported indebtedness without paying cash, which can preserve liquidity for operations.
• Issuing 350,000 shares increases the Company’s outstanding equity (dilution risk for existing shareholders) and may lead to a future registration of those shares under the piggyback rights.
• The settlement also terminates the loan and related claims and should remove the related legal uncertainty tied to the lawsuit described in the filing.