ScanTech AI shares surge 18.40% after-hours as company settles $609,000 debt via equity issuance.

ScanTech AI surged 18.40% in after-hours trading following the announcement that it settled a disputed loan by issuing 350,000 shares, effectively canceling $609,000 in debt. The equity issuance resolves a financial obligation, signaling improved liquidity and reduced liabilities, which typically bolsters investor confidence. The move aligns with the stock’s upward trajectory, as debt reduction is generally perceived as a positive catalyst for long-term stability and operational flexibility.