Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 608

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1
Chunk 608
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, or until
August 4, 2025, to regain compliance. If we fail to regain compliance with the Bid Price Rule until August 4, 2025, or if we fail to continue
to meet all applicable continued listing requirements for Nasdaq in the future, Nasdaq could delist our securities. Although Nasdaq has
granted us additional 180 calendar days, to regain compliance with the Bid Price Rule, there can be no assurance that we will regain such
compliance, or that we will maintain compliance with all applicable continued listing requirement for Nasdaq in the future, and Nasdaq
could make a determination to delist our common stock.

Any delisting
determination by Nasdaq could seriously decrease or eliminate the value of an investment in our common stock and other securities linked
to our common stock. While a listing on an over-the-counter exchange could maintain some degree of a market in our common stock, we could
face substantial material adverse consequences, including, but not limited to, the following: limited availability for market quotations
for our common stock; reduced liquidity with respect to and decreased trading prices of our common stock; a determination that shares
of our common stock are “penny stock” under the SEC rules, subjecting brokers trading our common stock to more stringent rules
on disclosure and the class of investors to which the broker may sell the common stock; limited news and analyst coverage for our Company,
in part due to the “penny stock” rules; decreased ability to issue additional securities or obtain additional financing in
the future; and potential breaches under or terminations of our agreements with current or prospective large stockholders, strategic investors
and banks. The perception among investors that we are at heightened risk of delisting could also negatively affect the market price of
our securities and trading volume of our common stock.

Furthermore, as of June 18,
2025, the closing price of our Common Stock was $0.2023. Pursuant to Nasdaq Rule 5810(c)(3)(A)(iii), if the closing price of our common stock
is $0.10 or less for 10 consecutive trading days, we will be issued a Staff Delisting Determination by Nasdaq. If we receive a Staff Delisting
Determination Letter resulting from our common stock trading at or below $0.10 for 10 consecutive trading days, we will have 7 calendar
days to request a hearing before a Nasdaq hearings panel to review the Staff Delisting Determination,