Company: XAIR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021561
Chunk: 41

Company: Beyond Air, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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pricing was undertaken in accordance with, and as permitted by, the
Company’s  2013 BA Plan. Pursuant to the Option Repricing, all options granted pursuant to the 2013 BA Plan that are held by Company Board members, officers, and employees
expected to continue providing services to the Company were repriced, to the extent such options had an exercise price in excess of $1.95,
the closing price per share of the Company’s common stock as reported on The Nasdaq Stock Market on November 3, 2025. All such options
were repriced such that the exercise price per share was reduced to $1.95.

23

ITEM
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Note
Regarding Forward-Looking Statements

This
Quarterly Report on Form 10-Q (this “Form 10-Q”) contains “forward-looking statements.” We intend such forward-looking
statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts contained in
this Form 10-Q, including statements regarding our future results of operations and financial position, business strategy, prospective
product candidates and products, product approvals, timing of our clinical development activities, research and development costs, timing
and likelihood of success and the plans and objectives of management for future operations and future results of anticipated products
are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may
cause our actual results, performance or achievements to be materially different from any future results, performance or achievements
express or implied by the forward-looking statements.

In
some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,”
“expect,” “plan,” “anticipate,” “expect,” “could,” “intend,”
“target,” “project,” “contemplate,” “believe,” “estimate,” “predict,”
“potential” or “continue” or the negative of these terms or other similar conditional expressions. The forward-looking
statements in this Form 10-Q are only predictions. We have based these forward-looking statements largely on our current expectations
and projections about future events and financial trends that we believe may affect our business, financial condition and results of
operations. These forward-looking statements speak only as of the date