ScanTech AI Systems Inc. (STAI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: December 15, 2025

Risk Assessment Details

Potential Dilution: 11.13% of current shares
Recent Dilution: 108.04% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2.4M
Potential Supply
270K
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

STAI currently has 2.41M outstanding shares. with limited dilution risk as only 269K additional shares (11.1%) are authorized for issuance. The company has significantly diluted shareholders by 108.04% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 15, 2025
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 48,262,310 → 2,413,115

2.4M 270K
Sep 17, 2025

10-Q filing | 48.3M shares outstanding

48M 5.4M
Sep 03, 2025

8-K filing: ScanTech AI Systems Inc. entered into a Consultancy Agreement with FSR Group Pte. Ltd., issuing approximately 1,206,500 shares of common stock as an advisory fee.

23M 5.4M
Jul 25, 2025

10-Q filing | 23.2M shares outstanding

23M 5.4M
Jul 10, 2025

8-K filing: ScanTech AI Systems Inc. issued a senior secured promissory note to 340 Broadway Holdings, LLC for up to $1,500,000 and issued 2,095,531 shares of common stock as origination shares. ($0.24M proceeds)

26M 5.4M
May 19, 2025

8-K filing: ScanTech AI Systems Inc. issued 1,000,000 Pledge Shares and 50,000 Consulting Shares to Maximcash Solutions LLC as part of a Loan and Security Agreement.

26M 5.4M
May 14, 2025

10-K filing | 25.6M shares outstanding

26M 5.4M
May 05, 2025

8-K filing: ScanTech AI Systems Inc. entered into subscription and settlement agreements with Polar Multi-Strategy Master Fund, John Redmond, and York Capital Management Global Advisors, LLC, issuing a total of 4,000,000 shares of common stock.

N/A 5.4M
May 01, 2025

8-K filing: ScanTech AI Systems Inc. entered into an unsecured promissory note with St. James Bank and Trust Company Ltd. for $2,850,000, terminated a previous loan with Aegus corporation by issuing 360,000 shares of common stock, and entered into a settlement agreement with St. James to terminate an original loan.

N/A 5.4M
Apr 01, 2025

8-K filing: ScanTech AI Systems Inc. issued 2,250,000 shares of common stock for terminating a prior facility agreement, 2,600,000 shares of common stock for terminating the debt agreement related to the Ontario Power Generation order, and 500,000 shares of common stock as compensation to Seaport Group SIBS LLC.

N/A 5.4M
Feb 10, 2025

S-1 filing: This S-1 filing discusses the resale of common stock by selling securityholders, potential dilution from future stock issuances, risks related to the market price and liquidity of the common stock, and the company's dividend policy.

N/A 5.4M
Jan 08, 2025

8-K filing: ScanTech AI Systems Inc. (Pubco) entered into indemnification agreements with its directors and officers, approved an Equity Incentive Plan, issued shares to Seaport Global Asset Management, LLC as transaction financing, and amended its Articles of Incorporation and Bylaws. ($1.0M proceeds)

N/A 0
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