Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1091

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1C
Chunk 1091
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 the Audit
Committee (“Audit Committee”) of the Board of Directors of the Company dismissed Marcum LLP (“Marcum”) as the
Company’s independent registered public accounting firm, effective immediately. The dismissal was not related to any disagreements
with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The reports
of Marcum on the consolidated financial statements of the Company as of and for the fiscal years ended March 31, 2024 and 2023 did not
contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting
principles except for a paragraph in the report on the consolidated financial statements of the Company as of and for the fiscal year
ended March 31, 2024 regarding substantial doubt about the Company’s ability to continue as a going concern.

During the fiscal years ended
March 31, 2024 and 2023 and the subsequent interim period through December 17, 2024, there were no disagreements within the meaning of
Item 304(a)(1)(iv) of Regulation S-K between the Company and Marcum on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, any of which, if not resolved to Marcum’s satisfaction, would have caused Marcum to
make reference thereto in their reports. During the fiscal years ended March 31, 2024 and 2023, there were no “reportable events”
(as described in Item 304(a)(1)(v) of Regulation S-K).

On December 17, 2024, the Audit
Committee approved the engagement of WithumSmith+Brown, PC (“Withum”) as the Company’s independent registered public
accounting firm for the fiscal year ending March 31, 2025, effective immediately. During the Company’s two most recent fiscal years
ended March 31, 2024 and 2023 and the subsequent interim periods, neither the Company nor anyone acting on its behalf consulted with Withum
regarding any of the matters described in Items 304(a)(2)(i) and (ii) of Regulation S-K.

82

ITEM 9A. CONTROLS AND PROCEDURES

(a) Disclosure Controls and Procedures

We performed an evaluation of
the effectiveness of our disclosure controls and procedures that are designed to ensure that information required to be disclosed in this
Annual Report and filed with the SEC is recorded