ScanTech AI Systems Issues 350,000 Shares to Settle Debt with Maximcash

Reuters02-07

ScanTech AI Systems Issues 350,000 Shares to Settle Debt with Maximcash

ScanTech AI Systems Inc. has announced the issuance of 350,000 shares of its common stock to Maximcash Solutions LLC as part of a settlement agreement to resolve alleged defaults under a previous loan agreement. The shares were issued in reliance on an exemption from registration under Section 3(a)(9) of the Securities Act of 1933, as securities exchanged with an existing security holder. In exchange for the shares, Maximcash has agreed to release all claims related to the loan and dismiss a related lawsuit. The agreement also grants Maximcash certain "piggyback" registration rights for the shares in future SEC filings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ScanTech AI Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-011527), on February 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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