ScanTech AI Plunges 19.24% Amid Compliance Concerns

ScanTech AI's stock price plummeted by 19.24% in pre-market trading on July 30, 2025, marking a significant downturn for the company.

ScanTech AI has recently submitted its Quarterly Report on Form 10-Q for the quarter ending March 31, 2025, to the U.S. Securities and Exchange Commission. This filing addresses a previous non-compliance issue with Nasdaq Listing Rule 5250(c)(1) due to the delayed submission of the quarterly report. The company has reaffirmed its commitment to transparent financial disclosures and compliance with regulatory requirements.

In addition to resolving compliance issues, ScanTech AI has secured a Letter of Intent from Visiontec, reflecting continued demand for its advanced screening technology. This development is seen as a key step toward revenue growth and broader market penetration in 2025.