Company: XAIR
Filing Date: 2025-09-25
Form Type: S-3
Source: 0001493152-25-014967
Chunk: 16

Company: Beyond Air, Inc.
Filing Date: 2025-09-25
Form: S-3
Chunk 16
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. The common stock is not subject to future calls or assessments by us. The rights, preferences and privileges of the holders of our common stock are subject to, and may be adversely affected by, the rights of shares of any series of our preferred stock that we may classify and issue in the future.

Registration Rights

We are parties to that certain Registration Rights Agreement dated as of September 26, 2024 as well as our obligation to register the shares of Common Stock issuable upon exercise of the Warrants.

Outstanding Stock Options

As of September 23, 2025, we had outstanding options to purchase 729,513 shares of our common stock at a weighted-average exercise price of $9.28 per share, of which 719,513 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 $10.80 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 September 23, 2025, there were 7,621 shares of our common stock reserved for future issuance under our 2013 Plan.

Outstanding Restricted Stock Units

As of September 23, 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).

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2021 Employee Stock Purchase Plan

As of September 23, 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 September 23, 2025, we had outstanding warrants to purchase up to an aggregate of 1,815,835 shares of our common stock at a weighted-average exercise price of $17.85 per share (which number does not include the Warrants issued in connection with the Private Placement described above).

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