Company: XAIR
Filing Date: 2025-11-05
Form Type: 8-K
Source: 0001493152-25-020888
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Company: Beyond Air, Inc.
Filing Date: 2025-11-05
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement

Equity
Purchase Agreement

On
November 4, 2025, Beyond Air, Inc., (the “ Company”) entered into an equity purchase agreement (the “ Purchase Agreement”)
with Streeterville Capital, LLC (“ Streeterville”) for the purchase of up to $20 million of the Company’s shares of
common stock. In connection with the Purchase Agreement, the Company and Streeterville entered into a Registration Rights Agreement (the
“ Registration Rights Agreement”), pursuant to which the Company agreed to file with the Securities and Exchange Commission
a registration statement (the “ Registration Statement”) covering the resale of the shares by November 24, 2025.

Pursuant
to the Purchase Agreement, upon effectiveness of the Registration Statement and so long as there is no balance outstanding on the Note
(as defined below), the Company shall have the right, but not the obligation, to direct Streeterville, by its delivery to Streeterville
of a put notice from time to time during a period of up to two years, to purchase shares of common stock (i) in a minimum amount not
less than $25,000, and (ii) in a maximum amount up to the median daily trading volume of the common stock during the five trading days
immediately preceding delivery of the put notice, or such other greater amount mutually agreed upon by the parties; provided, however,
that the number of put shares shall not exceed the beneficial ownership limitation, which shall be 4.99% of the number of shares of the
common stock outstanding immediately after giving effect to the issuance of shares of common stock issuable pursuant to a put notice
(the “ Beneficial Ownership Limitation”). The purchase price for each put shall be 96% of the lowest daily volume weighted
average price of the common stock during the four consecutive trading day period commencing on the trading day immediately following
delivery of a put notice. On any trading day during which the Registration Statement remains effective and the Note remains outstanding
and (i) any trading price of the common stock is at least 5% greater than the current Nasdaq minimum price as defined under Nasdaq Rule
5635(d) (the “ Nasdaq Minimum Price”) or (ii) the total dollar trading volume has reached $750,000.00, Streeterville may elect
to purchase shares of common stock up to the Beneficial Ownership Limitation at a purchase price equal to 85% of the Nasdaq Minimum Price