Atlanta, GA, Nov. 28, 2025 (GLOBE NEWSWIRE) — ScanTech AI Systems Inc. (the “Company” or “ScanTech AI”) (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging systems, today announced that it has filed restated financial statements for the quarter ended March 31, 2025 (Q1 2025) and reviewed financial statements for the quarter ended June 30, 2025 (Q2 2025) with the U.S. Securities and Exchange Commission (SEC). The filings were completed under the oversight of the Company’s new independent registered public accounting firm, Berkowitz Pollack Brant Advisors + CPAs (“BPB”).
These filings mark a significant milestone in ScanTech AI’s Nasdaq re-compliance and financial reporting program. The restatement follows the Company’s prior determination of non-reliance on previously issued interim financials, and reflects adjustments identified during the transition to BPB as the Company’s independent auditor. The reviewed Q2 2025 financials provide investors with an independently evaluated view of the Company’s financial position at the time. The Company continues to work toward finalizing and filing its Q3 2025 financial statements, with the aim to bring the company back into compliance with filings by early December 2025.
James White, Chief Financial Officer of ScanTech AI Systems, said, “We are pleased to complete our restated Q1 and reviewed Q2 2025 filings under our new auditor. This step reinforces our commitment to accuracy, transparency and timely reporting. It supports the integrity of our financial disclosures and advances our ongoing Nasdaq compliance roadmap.”
The Company believes that these filings represent a milestone in the Company’s alignment of its governance, audit, and financial disclosure with best-practices. The Company remains focused on its broader plan — including strategic financing initiatives and operational execution — to support long-term growth, innovation, and shareholder value.
About ScanTech AI
ScanTech AI Systems Inc. (Nasdaq: STAI) develops AI-driven security screening and imaging technologies used in aviation, logistics, nuclear, and defense applications. Its flagship SENTINEL® CT platform integrates machine learning with high-resolution imaging to detect and identify threats with precision and speed.
For more information, visit www.scantechais.com and investor.scantechais.com.
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