ScanTech AI Systems Inc. (NASDAQ: STAI) shares barely came off Tuesday’s closing figure Wednesday. The Atlanta-based ScanTech, a next-generation provider of AI-powered CT screening systems for aviation, customs, and critical infrastructure, today announced a consultancy agreement with FSR Group Pte. Ltd. to provide specialized advisory services in capital markets, NASDAQ compliance, and SEC reporting. This forward-looking initiative highlights ScanTech AI’s proactive commitment to resolving ongoing regulatory challenges, enhancing investor confidence, and positioning the Company for sustained growth in a competitive market.
FSR Capital brings a team with a proven track record of success in navigating Nasdaq compliance issues for public companies, including bid price deficiencies and filing delays, with a focus on achieving regulatory stability and share price improvement.
"Our ScanTech AI leadership team is taking decisive action to help overcome regulatory challenges and position the Company for long-term success,” said ScanTech CEO Dolan Falconer.
“By partnering with FSR Capital, we are working with a team that has a strong track record in De-SPAC turnarounds, directly relevant to our situation. We believe this engagement will accelerate our path to compliance while creating a stronger foundation for improved liquidity, greater market stability, and enhanced stockholder value."
FSR Capital specializes in strategic advisory for public companies facing complex regulatory and market dynamics, ensuring adherence to regulatory compliance while fostering growth opportunities.
For its part, STAI shares collected but two cents to 38 cents.
