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Close of 9 Nov 2026, in USD
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About Scantech AI Systems
From its filings with the US Securities and Exchange Commission
Scantech AI Systems is based in New York, New York and is incorporated in Delaware. Its shares trade on OTC under the ticker STAI. The SEC classifies its business as instruments for meas & testing of electricity & elec signals. In the fiscal year to 31 December 2024, it reported revenue of $542,166 and a net loss of $23.1m. At that date it held total assets of $2.2m.
ScanTech AI Systems Inc. (“ScanTech AI”) was formed as a corporation under the laws of the State of Delaware on July 20, 2023.
The Business Combination was consummated on January 2, 2025 (“Closing”). As a result of the Closing of the Business Combination, Mars and ScanTech became wholly owned subsidiaries of ScanTech AI. On January 3, 2025, one business day after the Closing, the common stock of ScanTech AI (“Common Stock”) was listed on The Nasdaq Global Market under trading symbol “STAI”.
At the extraordinary general meeting of Mars shareholders held on December 12, 2024 (the “Extraordinary General Meeting”), Mars shareholders considered and adopted, among other matters, the Business Combination Agreement and the other proposals related thereto described in the definitive proxy statement/prospectus/consent solicitation dated November 14, 2024, as amended/supplemented.
(3)The revenue of ScanTech AI as reported in the audited consolidated financial statements set forth in the annual report of Pub ScanTech AI co for fiscal year 2028 filed with the SEC is equal to or exceeds Five Hundred Million Dollars ($500,000,000) and ScanTech AI’s EBITDA for fiscal year 2028 equals or exceeds Two Hundred Million Dollars ($200,000,000).
Quoted from its 10-K, filed 14 May 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 14 Feb 2023
- Head office
- 1177 AVENUE OF THE AMERICA, SUITE 5100, NEW YORK, NY, 10036
- Incorporated in
- DE
- Classification
- Instruments For Meas & Testing of Electricity & Elec Signals
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Karl BrenzaChairman of the Board, Chief Executive Officer, Chief Financial Officer, since 2024
- Ms. Xiaochen ZhaoChief Operating Officer, Director
- Mr. Xin HeIndependent Director
- Mr. James JenkinsIndependent Director
- Mr. Yang LiuIndependent Director
- Dr. Yenyou ZhengIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- The company targets the artificial intelligence market segment for future growth.
- Scantech AI Systems Inc focuses on related technology market opportunities.
- The firm is structured for a business combination with one entity.
Weaknesses
- The company has conducted no operations since its formation.
- Scantech AI Systems Inc has generated no revenues to date.
- The firm operates as a blank check company with no assets.
Opportunities
- The firm intends to merge with one or more businesses.
- Scantech AI Systems Inc can acquire operating businesses in tech.
- The company may effect a share exchange or asset acquisition.
Threats
- The company has generated no revenues from its operations.
- Scantech AI Systems Inc has conducted no business activities.
- The firm operates as a blank check company with no income.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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