Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 810

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 1A
Chunk 810
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 assurance that
our efforts will prevent service interruptions or security breaches. Any such interruption or breach of our systems could adversely affect
our business operations and/or result in the loss of critical or sensitive confidential information or intellectual property, and could
result in financial, legal, business and reputational harm to us. In addition, as the regulatory environment related to information security,
data collection and use, and privacy becomes increasingly rigorous, with new and constantly changing requirements applicable to our business,
compliance with those requirements could also result in additional costs.

Risks Related to the Ownership of our Common Stock

We are currently listed
on The Nasdaq Capital Market. Our failure to maintain our compliance with Nasdaq’s continued listing standards or other requirements
could result in our common stock being delisted from Nasdaq, which could adversely affect our liquidity and the trading volume and market
price of our common stock and decrease or eliminate your investment.

Our common
stock is currently listed on the Nasdaq Capital Market on Nasdaq under the symbol “XAIR.” Nasdaq requires listed issuers to
comply with certain standards in order to remain listed on its exchange. If, for any reason, Nasdaq should delist our securities from
trading on its exchange and we are unable to obtain listing on another reputable national securities exchange, a reduction in some or
all of the following may occur, each of which could materially adversely affect our stockholders.

If we
violate Nasdaq’s listing requirements, or if we fail to meet any of Nasdaq’s listing standards, our common stock may be delisted.
A delisting of our common stock from Nasdaq may materially impair our stockholders’ ability to buy and sell our common stock and
could have an adverse effect on the market price of, and the efficiency of the trading market for, our common stock. The delisting of
our common stock could significantly impair our ability to raise capital and the value of your shares.

On August
8, 2024, we received a letter from Nasdaq notifying us that we were no longer in compliance with the $1.00 minimum bid price requirement
for continued listing on Nasdaq under the Bid Price Rule. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial
period of 180 calendar days, or until February 4, 2025, to regain compliance with the Bid Price Rule. On February 5, 2025, Nasdaq notified
the Company that Nasdaq’s Staff