Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 809

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1A
Chunk 809
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 business, financial condition and results of operations.

Natural disasters, geopolitical unrest, war,
terrorism, public health issues or other catastrophic events could disrupt the supply, delivery or demand of products, which could negatively
affect our operations and performance.

We are subject to the risk of
disruption by earthquakes, floods and other natural disasters, fire, power shortages, geopolitical unrest, war, terrorist attacks and
other hostile acts, public health issues, epidemics or pandemics such as the COVID-19 pandemic, and other events beyond our control and
the control of the third parties on which we depend. Any of these catastrophic events, whether in the United States, Europe or abroad,
may have a strong negative impact on the global economy, our employees, facilities, partners, suppliers, distributors or customers, and
could decrease demand for our products, create delays and inefficiencies in our supply chain and make it difficult or impossible for us
to deliver products to our customers.

67

We are dependent on information
technology and our systems and infrastructure face certain risks, including from cybersecurity breaches and data leakage. 

We rely to a large extent upon
sophisticated information technology systems to operate our businesses, some of which are managed, hosted, provided and/or used for third
parties or their vendors. We may collect, store and transmit large amounts of confidential information (including personal information
and pseudonymized information), and we deploy and operate an array of technical and procedural controls to maintain the confidentiality
and integrity of such confidential information. A significant breakdown, invasion, corruption, destruction, interruption, or unavailability
of critical information technology systems or infrastructure, by our workforce, others with authorized access to our systems or unauthorized
persons could negatively impact operations. Hardware, software, or applications we develop or obtain from third parties may contain defects
in design or manufacture or other supply chain problems that could unexpectedly compromise our information and network security.

The ever-increasing use and evolution
of technology, including cloud-based computing, creates opportunities for the unintentional dissemination or intentional destruction of
confidential information stored in our or our third-party providers’ systems, portable media or storage devices. We could also experience
a business interruption, theft of confidential information or reputational damage from industrial espionage attacks, malware or other
cyber-attacks (including ransomware), which may compromise our system infrastructure or lead to data leakage, either internally or at
our third-party providers. While we have invested in the protection of data and information technology, there can be no