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Thursday, January 2, 2025

Equity Corporate Actions Alert #2025 - 5
(UPDATED: Closed) Information Regarding the Business Combination of Mars Acquisition Corp. (MARX/R/U) and ScanTech AI Systems Inc.

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  • Industry Announcement

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The business combination of Mars Acquisition Corp. (MARX/R/U) and ScanTech AI Systems Inc. closed today, January 2, 2025. As a result of the business combination, the common stock, right, and unit of Mars Acquisition Corp. (MARX/R/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Mars Acquisition Corp. Ordinary shares
CUSIP#: G5870E108
Symbol: MARX
Last Trading Date: January 2, 2025
Marketplace Effective Date for Suspension: January 3, 2025
Merger Consideration: One (1) share of ScanTech AI Systems Inc. Common stock for each share held.
Company Name/Issue: Mars Acquisition Corp. Right
CUSIP#: G5870E124
Symbol: MARXR
Last Trading Date: January 2, 2025
Marketplace Effective Date for Suspension: January 3, 2025
Merger Consideration: 0.2 of a share of ScanTech AI Systems Inc. Common stock for each share held.
Company Name/Issue: Mars Acquisition Corp. Unit
CUSIP#: G5870E132
Symbol: MARXU
Last Trading Date: January 2, 2025
Marketplace Effective Date for Suspension: January 3, 2025
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will list the ordinary shares (STAI) on the Nasdaq Global Market. The details are as follows:

Company Name/Issue: ScanTech AI Systems Inc. Common stock
CUSIP#: 80603V104
Symbol: STAI
Marketplace Effective Date: January 3, 2025

If you would like to register as a market maker in STAI contact Nasdaq Trading Services at +1 212 231 5100.


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