Amendment to Schedule 13D for ScanTech AI Systems Inc.
This filing is an amendment to Schedule 13D for ScanTech AI Systems Inc., submitted by Seaport Global Asset Management LLC, Seaport Group SIBS LLC, and Stephen C. Smith. The amendment details various transactions involving the issuance and exchange of common stock of ScanTech AI Systems Inc. Key transactions include the issuance of 5,554,792 shares of common stock to Seaport Group SIBS LLC as part of a business combination, the delivery of 303,951 shares in cancellation of a promissory note, and the issuance of 2,249,230 shares related to credit facilities. Additionally, the filing reports the exercise of warrants for 3 million shares and the issuance of 200,000 shares as consideration for the termination of credit facilities. The filing also includes a joint filing agreement and a schedule of transactions.