ScanTech AI Systems Signs Term Sheet for $20 Million Financing with ARC Group to Enhance Liquidity and Strategic Flexibility
Atlanta, GA, Nov. 24, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (NASDAQ:STAI), a developer of advanced AI-powered security screening and imaging systems, today announced that it has entered into a non-binding term sheet with ARC Group International Ltd. ("ARC Group") for a proposed $20 million subordinated convertible note facility financing (the "Proposed Financing"). The Company believes that this prospective financing will complement and operate alongside the Company's previously announced ARC Investment Agreement and Equity Line of Credit ("ELOC"), providing ScanTech with greater flexibility in managing working capital, supporting ongoing comm
