Company: XAIR
Filing Date: 2025-12-11
Form Type: S-1/A
Source: 0001493152-25-027294
Chunk: 16

Company: Beyond Air, Inc.
Filing Date: 2025-12-11
Form: S-1/A
Chunk 16
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 may classify and issue in the future.

Registration Rights

We are parties to the Registration Rights Agreement, another registration rights agreement dated September 26, 2024 and an Inducement Letter dated September 9, 2025, which provide for obligations to register shares of our common stock.

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Outstanding Stock Options

As of December 8, 2025,
we had outstanding options to purchase 726,618 shares of our common stock at a weighted-average exercise price of $1.95 per share, of
which 716,618 were underlying options granted pursuant to the 2013 Plan. The remaining options were options to purchase 10,000 shares
of our common stock at a weighted-average exercise price of $1.95 per share 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). As of December 8,
2025, there were 10,516 shares of our common stock reserved for future issuance under our 2013 Plan.

Outstanding Restricted Stock Units

As of December 8, 2025, we had 18,265 shares of our common stock underlying outstanding restricted stock units, none of which was underlying outstanding restricted stock units which 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).

2021 Employee Stock Purchase Plan

As of December 8, 2025, there were 37,500 shares of our common stock reserved for future issuance under our 2021 Employee Stock Purchase Plan.

Outstanding Warrants

As of December 8, 2025, we had outstanding warrants to purchase up to an aggregate of 3,654,585 shares of our common stock at a weighted-average exercise price of $8.137 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