Company: XAIR
Filing Date: 2025-12-11
Form Type: S-1/A
Source: 0001493152-25-027294
Chunk: 14

Company: Beyond Air, Inc.
Filing Date: 2025-12-11
Form: S-1/A
Chunk 14
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 M. Fife, President of Streeterville Capital, LLC, has voting and investment control of the shares of common stock held by Streeterville 
 and is the beneficial owner of such shares of common stock. The business address of Streeterville is 297 Auto Mall Drive Suite #4,      
 St. George, Utah 84770.                                                                                                                 |

| (2) | In                                                                                                                                           
 accordance with Rule 13d-3(d) under the Securities Exchange Act of 1934, as amended, we have excluded from the number of shares beneficially 
 owned prior to the offering all of the shares of our common stock that the Selling Stockholder may elect to purchase or may be               
 required to purchase under the Purchase Agreement, because the issuance of such shares is subject to conditions contained in the             
 Purchase Agreement, the satisfaction of which are entirely outside of the Selling Stockholder’s control, including the registration          
 statement that includes this prospectus becoming and remaining effective. The Purchase Agreement also prohibits us from issuing or           
 selling shares of our common stock under the Purchase Agreement in excess of the Beneficial Ownership Limitation and, unless we obtain       
 shareholder approval to do so, in excess of Nasdaq’s 19.99% limitation.                                                                      |

| (3) | The                                                                                                                                 
 number of shares being registered for resale by the Selling Stockholder includes up to 1,600,000 shares of our common stock that    
 may be issued under the Purchase Agreement. The actual number of shares issuable under the Purchase Agreement may be fewer than the 
 number of shares being registered depending on the purchase price per share determined under the Purchase Agreement at the time of  
 each purchase. Accordingly, the actual number of shares offered under this prospectus may be less than this amount.                 |

| (4) | Assumes                                                                                                                                   
 the sale by Streeterville of all shares of our common stock registered for resale pursuant to the Registration Statement that includes    
 this prospectus, although the Selling Stockholder is under no obligation known to us to sell any shares of common stock at any particular 
 time.                                                                                                                                     |

| 7 |

<div align='center'>DESCRIPTION OF CAPITAL STOCK</div>

The following summary of the terms of our common stock is subject to and qualified in its entirety by reference to our certificate of incorporation and bylaws, copies of which are on file with the SEC as exhibits to previous filings with the SEC. Please refer to “Where You Can Find More Information”below for directions on obtaining these documents.

Our certificate of incorporation authorizes us to issue