Company: XAIR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005678
Chunk: 38

Company: Beyond Air, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
 Pre-funded warrants 
     13,949,995  
    $0.0001  
    $-  
     September 2029 
  
    Total 
     80,182,796  
    $0.55  
    $-  

On
September 30, 2024, warrants to purchase up to an aggregate of 40,848,711 of Company common stock were issued to  certain institutional
and accredited investors, including certain directors and officers of the Company at an exercise price of $0.3793 per common stock warrant.
The warrant exercise price was calculated at the closing share price for September 26, 2024. No warrants were exercised in this period.

On
September 30, 2024, warrants to purchase up to 15,848,712 of Company common stock were issued to with certain institutional and accredited
investors, including certain directors and officers of the Company at an exercise price of $0.0001 per common stock warrant. 1,898,709
warrants were exercised in the three months ended December 31, 2024.

On
September 30, 2024, warrants to purchase up to an aggregate of 15,159,504 of Company common stock were issued as part of a secured loan
with certain lenders including its Chief Executive Officer Steven Lisi and director Robert Carey at an exercise price of $0.3793 per
common stock warrant. The warrant exercise price was calculated at the closing share price for September 26, 2024. No warrants were exercised
in this period.

On
June 21, 2024, warrants to purchase up to an aggregate of 100,000 of Company common stock were issued to Avenue Venture Opportunities
Fund, L.P., a Delaware limited partnership (“Avenue”), and Avenue Venture Opportunities Fund II, L.P, a Delaware limited
partnership (“Avenue 2” and, together with Avenue, the “Lenders”) in return for extending the interest-only period
for an additional 6 months on the Loan and Security Agreement with Avenue Capital. The warrant exercise price was calculated at the average
closing share price for the 5 trading days prior to June 21, 2024. No warrants were exercised in this period.

Warrants
to purchase up to 233,843 of Company common stock were issued to Avenue Venture Opportunities Fund, L.P., a Delaware limited partnership
(“Avenue”), and Avenue Venture Opportunities Fund II