Company: XAIR
Filing Date: 2025-01-31
Form Type: S-3
Source: 0001493152-25-004488
Chunk: 15

Company: Beyond Air, Inc.
Filing Date: 2025-01-31
Form: S-3
Chunk 15
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.51 per share, which options 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).

Outstanding Stock Units

As of January 30, 2025, we had 367,800 shares of our common stock underlying outstanding restricted stock units pursuant to our Amended 2013 Plan.

2021 Employee Stock Purchase Plan

As of January 30, 2025, there were 750,000 shares of our common stock reserved for future issuance under our 2021 Employee Stock Purchase Plan.

Outstanding Warrants

As of January 30, 2025, we had outstanding warrants to purchase up to an aggregate of 80,182,796 shares of our common stock at a weighted-average exercise price of $0.55 per share.

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 from engaging in a “business combination” with an “interested stockholder” for a three-year period following the time that this stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner. Under Section 203, a business combination between a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions:

| ● | prior to the date of the                                                                                                               
 transaction, the board of directors of the corporation approved either the business combination or the transaction which resulted      
 in the stockholder becoming an interested stockholder;                                                                                 |
| ● | the interested stockholder                                                                                                             
 owned at least 85% of the voting stock of the corporation outstanding upon consummation of the transaction, excluding for purposes     
 of determining the number of shares outstanding (1) shares owned by persons who are directors and also officers and (2) shares owned   
 by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject   
 to the plan will be tendered in a tender or exchange offer; or                                                                         |
| ● | on or subsequent to the                                                                                                                
 consummation of the transaction, the business combination is approved by the board of directors and authorized at an annual or special 
 meeting of stockholders, and not by written consent, by the affirmative vote of at least 66-2/3% of