Company: XAIR
Filing Date: 2025-07-10
Form Type: 8-K
Source: 0001641172-25-018520
Chunk: 2

Company: Beyond Air, Inc.
Filing Date: 2025-07-10
Form: 8-K
Item: Item 5.03
Chunk 2
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 immediately
prior to the Reverse Stock Split, divided by twenty (20), with such resulting number of shares rounded up to the nearest whole share.
As a result, no fractional shares will be issued in connection with the Reverse Stock Split and no cash or other consideration shall
be paid in connection with any fractional shares that would otherwise have resulted from the Reverse Stock Split. The Company does not
intend to round up fractional shares at the beneficial level and will instead round any such fractional shares up at the participant
level. Also on the Effective Date, all equity awards outstanding immediately prior to the Reverse Stock Split will be adjusted to reflect
the Reverse Stock Split.

Certificated
and Non-Certificated Shares

Each
certificate, or book entry, that immediately prior to the Reverse Stock Split represented shares of Common Stock, will, following the
Reverse Stock Split, represent that number of shares of Common Stock into which the shares of Common Stock represented by such certificate
or book entry have been combined, subject to the treatment of fractional shares as described above.

Stockholders
who hold their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Reverse Stock Split
will automatically be reflected in their brokerage accounts.

Delaware
State Filing

The
Reverse Stock Split was effected pursuant to the Company’s filing of the Certificate of Amendment with the Secretary of State of
the State of Delaware. A copy of the form of the Certificate is attached as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated
herein by reference.

Capitalization

The
Company is authorized to issue 500,000,000 shares of Common Stock and 10,000,000 shares of preferred stock (the “ Preferred Stock”).
There will be no change to the number of authorized capital stock of the Company or to the rights limitations and privileges, including
voting rights, of the Company’s designated and outstanding shares of Preferred Stock. The Reverse Stock Split will have no effect
on the par value of the Common Stock or the Preferred Stock.

Immediately
after the Reverse Stock Split, each Common Stockholder’s percentage ownership interest in the Company’s Common Stock and
proportional voting power of the Company’s Common Stock shall remain unchanged, except for minor changes and adjustments that will
result from the treatment of fractional shares. The rights and privileges of the holders of shares of Common Stock will remain unaffected
by the Reverse Stock Split.

Item
9.01 Exhibits