ScanTech AI Systems (STAI) Form 3 Initial statement of insider ownership

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

SEAPORT GLOBAL ASSET MANAGEMENT LLC

(Last) (First) (Middle)

360 MADISON AVENUE

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/02/2025

3. Issuer Name and Ticker or Trading Symbol
ScanTech AI Systems Inc. [ STAI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.0001 per share	5,554,792	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Convertible Promissory Note	06/29/2025	(2)	Common Stock	303,951	0	I	See footnotes(2)

Explanation of Responses:

1. Shares held directly by Seaport Group SIBS LLC ("SIBS"). SIBS is managed by Seaport Global Asset Management LLC ("SGAM").

2. On December 31, 2024, SIBS and the Issuer entered into a senior unsecured promissory note (the "Promissory Note"), pursuant to which SIBS provided the Issuer with an investment of $1 million as transaction financing in connection with the Issuer's business combination (the "Business Combination"). SIBS will receive 303,951 shares of the Issuer's Common Stock as repayment of the investment under the Promissory Note, including any and all accrued interest, with such shares being issuable and registered at the time of the Issuer's filing of a follow-on registration statement immediately following the consummation of the Business Combination. The Promissory Note becomes payable on June 29, 2025 and does not have an expiration date.

	/s/ Stephen C. Smith - for Seaport Global Asset Management LLC, By: Stephen C. Smith, Authorized Signatory	01/17/2025
	** Signature of Reporting Person	Date
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