Company: XAIR
Filing Date: 2025-09-25
Form Type: S-3
Source: 0001493152-25-014967
Chunk: 10

Company: Beyond Air, Inc.
Filing Date: 2025-09-25
Form: S-3
Chunk 10
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 common stock began trading on the Nasdaq Stock Market on a split-adjusted basis on July 14, 2025. There was no change to the number of authorized shares of the Company’s common stock or the par value per share of common stock. Any fraction of a share of common stock created as a result of the 2025 Reverse Stock Split was rounded up to the nearest whole share.

All share and per share information in these accompanying condensed consolidated financial statements have been retroactively adjusted to reflect the 2025 Reverse Stock Split for all periods presented. In addition, (i) a proportionate adjustment has been made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding stock options and warrants to purchase shares of common stock, and (ii) the number of shares reserved for issuance pursuant to the 2013 Beyond Air Equity Incentive Plan has been reduced proportionately.

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Warrant Inducement

On September 8, 2025, we entered into an inducement offer letter agreement (the “Warrant Inducement Letter”) with certain holders of our warrants issued in September 2024. Pursuant to the Warrant Inducement Letter, such warrant holders immediately exercised some or all of their respective outstanding warrants at a reduced exercise price. The gross proceeds from the exercise of the induced warrants were $3.27 million, prior to deducting placement agent fees and offering expenses. In consideration for the immediate exercise of some or all of the existing warrants for cash, the Company agreed to issue the Warrants for a purchase price of $0.0625 per share of common stock underlying the existing warrants held by such holder. The shares of Common Stock underlying the Warrants issued pursuant to the Warrant Inducement Letter are being registered pursuant to this prospectus and registration statement.

At the Market Offering

On February 14, 2025, we entered into an At-The-Market
Equity Offering Sales Agreement (the “Agreement”) with BTIG, LLC (the “Agent”), under which we may offer and
sell, from time to time at our sole discretion, shares of our Common Stock, initially for an aggregate offering price of up to $35,000,000
through the Agent. We agreed to pay the Agent a cash commission of 3.0% of the aggregate gross sales proceeds of shares sold through
the Agent and reimburse the Agent for certain specified expenses. During the three months ended June 30, 2025