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Atlanta, GA, Oct. 10, 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 it has entered into a Purchase Agreement establishing an equity line of credit ("ELOC") of up to $50 million with ARC Group International Ltd. ("ARC"), a global financial services firm.
The ELOC, following registration with the SEC of the shares to be issued under the ELOC, is expected to provide ScanTech AI with flexible, long-term growth capital to fund R&D, commercialization of its SENTINEL™ AI threat detection platform, and make continued progress towards regaining Nasdaq compliance. ARC has also committed to an initial $500,000 PIPE equity investment, signalling its immediate commitment to ScanTech AI's vision.
Posted In: STAI
