Company: XAIR
Filing Date: 2025-02-14
Form Type: 424B5
Source: 0001493152-25-006903
Chunk: 12

Company: Beyond Air, Inc.
Filing Date: 2025-02-14
Form: 424B5
Chunk 12
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 to cure, following which the lenders may accelerate all amounts outstanding under the loan. Events of default include, among other things:

| ● | our                                                                                                       
 failure to pay any principal or interest under the Loan Agreement or any note in connection therewith;    |
| ● | any                                                                                                       
 representation or warranty made shall prove to have been false or misleading in any material respect; and |
| ● | certain                                                                                                   
 specified insolvency and bankruptcy-related events.                                                       |

Subject to any applicable cure period set forth in the Loan Agreement, all amounts outstanding with respect to the loan (principal and accrued interest), as well as any other obligations and amounts owing under the Loan Agreement, would become due and payable at the option of the lenders. Our assets or cash flow may not be sufficient to fully repay our obligations under the Loan Agreement if the obligations thereunder are accelerated upon any events of default. Further, if we are unable to repay, refinance or restructure our obligations, the lenders could proceed to protect and enforce their rights under the Loan Agreement by exercising such remedies (including foreclosure on the assets securing our obligations under the Loan Agreement) as are available to the lenders and in respect thereof under applicable law, either by suit in equity or by action at law, or both, whether for specific performance of any covenant or other agreement contained in the Loan Agreement or the other loan documents or in aid of the exercise of any power granted in the Loan Agreement or other loan documents. The foregoing would materially and adversely affect the ongoing viability of our business.

| S-7 |

Our Loan Agreement contains restrictions that limit our flexibility in operating our business.

The Loan Agreement contains various covenants that limit our ability to engage in specified types of transactions without the prior consent of the lenders. These covenants limit our ability to, among other things:

| ● | create,                                                                                                                           
 incur or assume additional indebtedness;                                                                                          |
| ● | subject                                                                                                                           
 to certain exceptions, make restricted payments, including paying dividends on, repurchasing or making distributions with respect 
 to our common stock; and                                                                                                          |
| ● | consolidate,                                                                                                                      
 merge, sell or otherwise dispose of all or substantially all of our assets;                                                       |

The covenants in the Loan Agreement may limit our ability to take certain actions that may be in our long-term best interests. In the event that we breach one or more covenants, the lenders may choose to declare an event of default and require that we immediately repay all amounts outstanding under the Loan Agreement