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Business Combination and Reverse Recapitalization (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combination and Reverse Recapitalization |
Schedule of shares of common stock issued in connection with the Business Combination | ​
​ | ​ | ​
​ |  | Common Stock
Ordinary Shares, outstanding prior to the Business Combination |  | 2,081,432
Less: Redemption of Ordinary Shares |  | (1,434,626)
Ordinary Shares, including 400,000 shares subject to the RiverNorth FPA |  | 646,806
Ordinary Shares from the conversion of Rights |  | 1,380,000
Ordinary Shares held by Mars’ officers and directors, the Sponsor and each transferee of founder shares |  | 2,245,467
Ordinary Shares held by Maxim |  | 276,000
Common Stock issued to holders of ScanTech units |  | 14,184,397
Common Stock Upon the Business Combination |  | 18,732,670
Schedule of number of shares of Common Stock issued in connection with the Business Combination and subsequent equity conversion | ​
​ | ​ | ​
​ |  | Common Stock
Common Stock Upon the Business Combination |  | 18,732,670
Common Stock issued on January 6, 2025 |  | 352,795
Common Stock issued on January 30, 2025 |  | 1,650,000
Common Stock issued on February 18, 2025 |  | 3,772,177
Common Stock issued on March 27, 2025 |  | 1,101,868
Common Stock issued on April 2, 2025 | ​ | 7,654,800
Common Stock issued on April 17, 2025 | ​ | 5,350,000
Common Stock issued on May 7, 2025 | ​ | 1,500,000
Common Stock issued on May 16, 2025 | ​ | 1,050,000
Common Stock issued on May 19, 2025 | ​ | 3,200,000
Common Stock issued on May 21, 2025 | ​ | 1,600,000
Common Stock issued on June 11, 2025 | ​ | 2,298,000
Common Stock issued and outstanding as of June 30, 2025 |  | 48,262,310
Schedule of reconciles elements of the Business Combination to the Company's condensed consolidated financial statements | ​
​ | ​ | ​ | ​
Closing proceeds |  | ​ |
Proceeds from Seaport promissory note |  | ​ | 1,000,000
Proceeds from investors |  | ​ | 2,000,000
Proceeds from trust account | ​ | ​ | 7,273,513
Payments from trust account1 | ​ | ​ | (7,273,513)
Net cash proceeds from the Business Combination at Closing | ​ | $ | 3,000,000
Noncash activity | ​ |  |
Conversion of legacy ScanTech loans into shares | ​ |  | 8,682,434
Conversion of preferred A unit dividend into shares | ​ |  | 29,324,500
Conversion of related party debt into shares (troubled debt restructuring) | ​ | ​ | 54,499,067
Transaction costs expensed | ​ | ​ | 7,282,351
Liability-classified instruments | ​ |  |
Shares issued for settlement of derivative liability | ​ |  | 291,015
Shares issued for settlement of warrant liability | ​ |  | 12,387,186
Net equity impact of the Business Combination | ​ | $ | 115,466,552
​ | ​ | ​ | ​
Loan borrowed from Seaport | ​ | ​ | (1,000,000)
Loan borrowed from investors | ​ | ​ | (2,000,000)
Total Impact of Business Combination on total stockholders’ deficit | ​ | ​ | 112,466,552
Par value of Common Stock issued | ​ | ​ | (1,873)
Total Impact of Business Combination on additional paid-in capital | ​ | $ | 112,464,679
​
(1) | The Mars transaction costs include $375,000 to Benjamin securities, Inc., $1,499,055 to Polar Mult-Strategy Master Fund, $4,498,111 to RiverNorth SPAC Arbitrage Fund, LP, $100,000 to Continental Stock Transfer & Trust, $440,000 for D&O insurance, and $361,347 to Mars Acquisition Corp.
Schedule of reclassification of related party debt liabilities to additional paid-in capital | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Total Liabilities Extinguished |  | Fair Value of Shares Issued |  | To Additional Paid in Capital
NACS |  | 50,059,315 |  | 1,662,340 |  | 48,396,975
Azure |  | 6,539,742 |  | 1,658,942 |  | 4,880,800
Stephen Sale |  | 817,501 |  | 56,484 |  | 761,017
John Quinn |  | 545,000 |  | 84,726 |  | 460,274
Total |  | 57,961,558 |  | 3,462,492 |  | 54,499,066

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