ScanTech AI shares surge 20.23% intraday as delisting appeal hearing scheduled and trading stay extended to December 17.

ScanTech AI Systems Inc. surged 20.23% intraday after announcing it has scheduled a Nasdaq delisting appeal hearing for January 22, 2026, with a trading stay granted until December 17, 2025. The company also requested an extension to continue trading until the hearing concludes, citing progress in filing restated quarterly reports and a compliance plan to address Nasdaq’s minimum market value and filing requirements. While the stock remains at risk of delisting due to a $14.89 million market cap and recent financial challenges, the immediate reprieve and appeal process provided short-term optimism, allowing investors to retain trading access during the stay period.