Company: XAIR
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001493152-25-006903
Chunk: 33

Company: Beyond Air, Inc.
Filing Date: 2025-02-14
Form: 424B5
Chunk 33
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 the holders of our common stock are subject to, and may be adversely affected by, the rights of shares of any series of our preferred stock that we may classify and issue in the future.

Outstanding Stock Options

As of January 30, 2025, we had outstanding options to purchase 10,326,098 shares of our common stock at a weighted-average exercise price of $0.54 per share, pursuant to our Amended 2013 Plan. As of January 30, 2025, there were 4,180,104 shares of our common stock reserved for future issuance under our Amended 2013 Plan.

As of January 30, 2025, we had outstanding options to purchase 210,000 shares of our common stock at a weighted-average exercise price of $0.51 per share, which options were issued outside of our equity compensation plans as an inducement material to certain individuals entering into employment with us in accordance with Nasdaq Listing Rule 5635(c)(4).

Outstanding Stock Units

As of January 30, 2025, we had 367,800 shares of our common stock underlying outstanding restricted stock units pursuant to our Amended 2013 Plan.

2021 Employee Stock Purchase Plan

As of January 30, 2025, there were 750,000 shares of our common stock reserved for future issuance under our 2021 Employee Stock Purchase Plan.

Outstanding Warrants

As of January 30, 2025, we had outstanding warrants to purchase up to an aggregate of 80,182,796 shares of our common stock at a weighted-average exercise price of $0.55 per share.

Description of Certain Provisions of Delaware Law and our Certificate of Incorporation and Bylaws

Section 203 of the Delaware General Corporation Law

We are subject to the provisions of Section 203 of the Delaware General Corporation Law. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a three-year period following the time that this stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner. Under Section 203, a business combination between a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions:

| ● | prior to the date of the                                                                                                               
 transaction, the board of directors of the corporation approved either the business combination or the transaction which resulted      
 in the stockholder becoming an interested stockholder;