ScanTech says factors unrelated to core business fundamentals impacted trading

ScanTech (STAI) AI Systems announced it has “reaffirmed its commitment to transforming the security screening industry through AI-driven technologies amid strong operational fundamentals and global tailwinds.” This is addressing what its CEO Dolan Falconer believes may be “short-sighted trading activity by certain market participants, together with potential high-volume short activity” that has pressured the company’s share price in recent weeks. “ScanTech AI closed its deSPAC on January 2, 2025 and has experienced typical deSPAC volatility since that time,” said Falconer. ” While this is emblematic of broader market dynamics for these types of transactions the Company believes market factors unrelated to its core business fundamentals have impacted trading activity. These factors include, but are not limited to, misconceptions about the Company’s business model, deSPAC arbitrageurs, and short term trading activity. These factors are not reflective of the Company’s long-term business fundamentals. These issues do no relate to the core value of our intellectual property and trade secret portfolio, our unique business model, or our continually growing competitive edge and revenue pipeline in an $100+billion global market with only a few key competitors. We are trading at a substantial discount to our announced merger value. I am confident in the value we are building for our shareholders and the market will soon recognize that our current share price understates our enterprise value.”