ScanTech AI Systems Inc. (Nasdaq: STAI), a company specializing in AI-driven security screening technologies, announced that it has received notification from Nasdaq regarding a determination to delist its common stock. The company expects a suspension of trading on the Nasdaq exchange in the near term.
In response, ScanTech AI intends to apply for quotation on the OTCQB market to maintain public trading of its shares. The company is currently reviewing the next steps following Nasdaq’s correspondence.
**Why this matters**
The delisting from Nasdaq may impact the liquidity and visibility of ScanTech AI’s stock for current and potential investors. Transitioning to the OTCQB market allows the company to continue trading publicly, though typically with different regulatory and market exposure compared to Nasdaq.
Source: NewsData